US stocks rallied on Tuesday, thanks to positive gains that offset investor concerns over tech suppression in China and COVID-19 delta variant.
The S&P 500 reportedly rose by 0.65% amid strong earnings from Ralph Lauren, Gartner and Under Armor. Meanwhile, the Nasdaq 100 recovered after Chinese media criticized gaming, and UK said it may block Nvidia's $ 40 billion acquisition of Arm.
And this week, many investors are anticipating the employment report from US, as well as the impact of price pressures caused by the disruptions associated with the pandemic. Fed Governor Christopher Waller said the central bank may cut support in September if the next two monthly employment reports show further growth.
Other important events for this week are:
- policy decision of the Bank of England (Thursday);
- policy decision of the Reserve Bank of India (Friday);
- data on the US labor market (Friday).
