Inflation: US consumer price growth is forecast to have accelerated for the first time in more than a year. Economists polled by Refinitiv expect the annual headline inflation figure to rise to 3.3 per cent in July, up from 3 per cent in June, driven by price increases for food and services. The core figure, which excludes energy and food prices, is forecast to remain at 4.8 per cent.
Jobless claims: New applications for unemployment aid are forecast to have increased to 230,000 in the week ended August 3, compared with 227,000 claims a week earlier.
Companies: Chinese ecommerce site Alibaba, clothing retailer Ralph Lauren, and Wall Street Journal parent company News Corp will report earnings before the bell.
Fedspeak: Raphael Bostic, the president of the Federal Reserve’s Atlanta branch, will deliver remarks before a webinar organised by the Fed about how workers are reshaping the workforce.
Mexico interest rates: The Bank of Mexico is expected to hold its key interest rate for the third consecutive month as tighter monetary policy continues to work its way through the economy and cool inflation.