The movement of the rupee against the dollar and crude oil prices will determine the trend on the bourses in this trading week. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be watched in their investments.  

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The S&P Global Services PMI for August will be released on September 5, 2022. Globally, the China Caixin Services PMI for August will be released on September 5, 2022. On September 9, 2022, China will release the August inflation figures.

Investors will be on the watch for any clues that the Fed is leaning towards another 75-basis-point rate rise at its September 20-21 meeting, or whether a 50-basis-point boost may be in the works when Fed Chair Jerome Powell speaks at a Cato Institute conference on Thursday.

The August ISM Non-Manufacturing PMI statistics for the United States will be released on September 6, 2022. 

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The Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Russia, are set to meet on Monday (September 5) against a backdrop of predicted demand declines, while top producer Saudi Arabia asserts supply remains tight. It is expected that OPEC+ will consider output reduction.

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The Bank of Canada is anticipated to deliver yet another big interest rate hike on September 7, pushing its policy rate into narrow territory for the first time in almost two decades. The central bank is expected to raise the policy rate by 75 basis points, bringing it to 3.25%. This will be the fourth significant rate rise this year, bringing the total tightening to 300 basis points since March.

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Tamilnad Mercantile Bank will sell its shares to the public from September 5 to September 8 marking the first IPO in the banking industry in a while. The IPO has already collected Rs 363 crore from anchor investors such as Nomura Singapore, Kotak Mahindra Life Insurance, and Societe Generali.

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The European Central Bank (ECB) will release its interest rate decision on September 8, 2022. After raising interest rates by 0.5 percentage points more than predicted in July, many experts expect another half-point hike at this month’s meeting.