Each week, we preview events that we believe will significantly impact financial markets. In the coming week, we will be focusing our attention on the following: ongoing developments on the Korean peninsula, the tail end of US earnings season, retail sales and the release of the FOMC's meeting minutes.

The situation in North Korea has shifted from being a chronic but manageable irritant, to a growing geopolitical crisis. How did things ever get to this point, what is likely to happen next, and how should your clients position their portfolios? Hear from Admiral Jonathan Greenert, Former Chief of Naval Operations and Mike Ryan, Chief Investment Officer Americas, UBS Wealth Management.

Overall US economic conditions are strong. The economy has largely recovered from the financial crisis and should continue to expand at a moderate pace.

While wage growth has been somewhat disappointing in recent months, payrolls continue to show strong gains and inflation has been low, providing a solid base of support for consumer spending. Likewise, strong profits provide an incentive for businesses to continue hiring and to increase investment spending.

Each week, we preview events that we believe have the potential to significantly impact financial markets. In the coming week, we will be focusing our attention on the following: the end of Q2 earnings season in the US, developments on the inflation front and an update on the status of small business sentiment.

There are a wide variety of municipal bond charts that are interesting for market participants to follow. Each week, we provide a snapshot of the most relevant muni metrics including cross-market relative value relationships in our Municipal Bonds Chartbook.

Each week, we preview events that we believe will significantly impact financial markets and the first week of every month brings a slew of important economic data releases. On Friday, July's labor market report will be released. While changes to non-farm payrolls and the unemployment rate grab the headlines, we will be closely watching average hourly earnings to help us gauge trends in inflation Tuesday, the Fed's preferred gauge of inflation – the PCE price index – will be released. Inflation data has been surprisingly soft over the past few months, and we'll get an updated look at recent trends in consumer prices and how it may impact the current rate hiking cycle. Also on Tuesday, one of our favourite cyclical barometers is released - the ISM manufacturing index.

We believe the sector is in an interesting position right now as we are seeing increased global growth driving improved revenue and earnings throughout most of the sector versus the weakness over the prior two years.

Each week, we preview the key events that we believe will significantly impact financial markets. In the coming week, we will be focusing our attention on the following: the Fed's July rate decision, the continuation of US earnings season and consumer sentiment.

As part of our investment process, a team in Europe is responsible for developing and maintaining the CIO's Global Risk Radar. The Global Risk Radar helps us systematically track economic and geopolitical risks to our investment portfolios. If you ask a member of CIO what "keeps them up at night" from a market perspective, it's likely the answer will be from the Global Risk Radar.

Financial markets enjoyed an undeniably robust first half, driven by a powerful combination of improving economic growth, fading political risks in Europe, and strong earnings growth. We expect many of these trends to continue going forward, laying the foundation for continued market gains. But we also see some potential headwinds emerging...