Tensions in US-Iran Relations, Nvidia Earnings Report Released, Waller's Speech Moves the Market

This week, global markets will face multiple risk events, and the cryptocurrency market will be tested. The renewed tension in US-Iran relations has become the focus of market attention. US Treasury Secretary Mnuchin stated that the Trump administration will announce new sanctions against Iran on Monday, warning that any country providing support to Iran may face economic consequences.

Key events this week (Beijing time):

Monday: US Treasury Secretary Mnuchin will hold a press conference on specific actions to increase economic sanctions against Iran;

Wednesday: Release of US July Core PCE Price Index year-on-year, July Personal Spending month-on-month, revised annualized quarterly GDP for Q2, and July Core PCE Price Index month-on-month data; Nvidia's earnings report will be released after US market hours;

Thursday: The Jackson Hole Global Central Bank Conference will be held from August 27-29, with Federal Reserve Chairman Waller delivering his first speech on August 28; Nvidia will hold an earnings call;

Friday: Release of US August Chicago PMI, preliminary changes to the 2026 non-farm employment benchmark, final value of the University of Michigan Consumer Confidence Index for August, and final value of the one-year inflation expectations for August.

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