Key events of the week

On Monday, the main US stock indices showed growth within 0.65%. Recent economic data pointing to a possible slowdown in the US economy eased concerns about inflation and increased hopes that the Federal Reserve may start cutting interest rates in September. The Dow, S&P 500 and Nasdaq indices reached record highs last week.

One of the highlights of the week for players is corporate reporting, including Nvidia's quarterly results. U.S. durable goods and consumer sentiment data will also be in focus as the market looks for confirmation that economic growth is slowing enough for the Fed to cut rates this year.

Later in the week, the Fed will release minutes from its last meeting, where Chairman Jerome Powell said further rate hikes are likely due to ongoing inflationary pressures.

U.S. consumer prices rose at a slower-than-expected pace in April and the labor market report beat forecasts. The data boosted hopes that the Fed will cut interest rates twice this year by 25 basis points. The rate is currently at a 23-year high in a range of 5.25% to 5.5%.

Nvidia is expected to lead corporate earnings reports this week, posting another quarter of growth thanks to its chips optimized for artificial intelligence.