Business calendar: ever rising prices

STORY: Here’s what to watch in the world of business and finance over the next seven days…

Wednesday’s U.S. inflation numbers are a key data point.

Any signs that price rises are yet to peak could dent the summer rally for stocks.

Shares have gained on hopes the Fed will be less hawkish on rates than initially feared.

Tensions over Taiwan will keep investors on edge.

China’s furious response to the visit by U.S. House Speaker Nancy Pelosi saw a flight to safe havens like government bonds.

Now investors wait to see if Beijing will draw a line under events.

Inflation numbers are due in China too, along with data on lending and money supply.

Beijing needs conditions to be easy, with growth targets for the year looking out of reach.

Britain will find out how close it is to recession on Friday, when growth figures are due.

The Bank of England expects a slump to begin at the end of the year.

Some forecasters think it could come a whole lot sooner.

And holders of Ukraine’s international bonds have until August 9 to decide whether to grant a two-year debt payment freeze.

Kiev has some big bond payments looming, even as its economy buckles under the effects of war.