Weekly Market Outlook (19-23 August) ...Middle East

UPCOMING EVENTS:Monday: New Zealand Services PMI, Fed’s Waller, BoC’s Senior Loan Officer Survey.Tuesday: PBoC LPR, RBA Meeting Minutes, Canada CPI, Eurozone Wage Growth.Wednesday: Canada PPI, FOMC Meeting Minutes.Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, ECB Meeting Minutes, US Jobless Claims, Jackson Hole Symposium.Friday: New Zealand Retail Sales, Japan CPI, Canada Retail Sales, Fed Chair Powell, Jackson Hole Symposium. TuesdayThe PBoC is expected to keep the 1-year and 5-year LPR rates unchanged at 3.35% and 3.85% respectively. Such expectations are mainly due to the fact that the central bank delivered substantial rate cuts across the board last month and

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