— This is the script of CNBC's news report for China's CCTV on August 26, Monday.
Welcome CNBC Business Daily...
Investors will be looking at some key data points this week for more clues on whether the Fed will start tapering next month.
After a reading on July U.S. durable goods orders, the next focus will be on the latest estimate for second quarter GDP data due Thursday.
Analysts polled by Reuters say the revised figure is likely to show a 2.2-percent rise, compared with a 1.7 percent reading last month.
On Friday, we will get the final reading for the Thomson Reuters/University of Michigan consumer sentiment index.
[Sound on tape by Chris Tedder, Research Analyst, Forex.Com: Overall, as it currently stands, we're really pushing towards a Sept start to tapering. We think the market is getting a bit jittery, as we've seen in price action. We expect that going forward, the USD might be a bit jittery, if we get weakness in leading indicators. But overall, we see a strong case for tapering to start in Sept. As long as we don't get a really disappointing jobs report, then that will be our base case.]
The focus shifts to Japan on Friday where get a bunch of readings on the economy including Industrial output data and core CPI.
Analysts polled by Reuters says the July reading is likely to rise by 0.6%, after a 0.4% increase in the previous month.
Also due on Friday, a reading on India's June-quarter GDP.
The Indian economy grew by 4.8% in the previous quarter.
Li Sixuan, CNBC