The busiest — and what could be the most important — week of the summer is coming up, with FED, recession and inflation under the spotlight. 

The ECB is set to have its first rate hike in more than a decade against a challenging economic backdrop exacerbated by the war in Ukraine.

The latest global PMI data showed companies’ input costs rising at the slowest rate for four months, signalling a cooling of global consumer price inflation.

Despite a strong relief rally on Friday – Wall Street’s three major stock indexes ended sharply higher – stock markets concluded the worst first half since 1970.