The US core PCE price index year-on-year for July and the final value of the University of Michigan consumer sentiment index for August will be announced tonight and may have a significant impact on market trends. Here are the relevant data points, including previous values and expected values:

• July core PCE price index year-on-year: This data will be released at 20:30. The previous value was 2.80%, and the expected value is 2.90%. The core PCE price index is the Federal Reserve's preferred inflation gauge. If the actual value exceeds expectations, it may indicate rising inflation pressures, increasing the likelihood of the Fed maintaining interest rates or even raising them, which could negatively impact markets like stocks and bonds and strengthen the dollar; conversely, if it falls short of expectations, it may enhance market expectations for a Fed rate cut, benefiting assets like stocks and gold.

• Final value of the University of Michigan consumer sentiment index for August: This will be released at 22:00. The previous value was 58.6, and the expected value is 58.6. The consumer sentiment index is a barometer of economic confidence. If the final value exceeds expectations, it usually suggests that consumers are more optimistic about the economic outlook, which may increase consumer spending and benefit economic growth and stock market performance; if it falls short of expectations, it may reflect consumer concerns about the economic situation, thereby affecting spending willingness and market confidence.