The local share market is tipped to open lower this morning, with Wall Street winning streak coming to an end on Friday, as bond yields rose, and energy prices rallied into the weekend.

Economic Calendar and News

All the major economic news will come from overseas this week, with the highest profile event set to be the speech by US Federal Reserve Chair Jerome Powell at this year Jackson Hole Symposium. Onlookers will be scrutinising the chief policymaker comments for clues on the monetary policy outlook, and whether we may have already seen peak inflation. It comes just days after the Fed sought to distance itself from calling July 8.5% reading as the peak of this inflation cycle. Nonetheless, the head of the US central bank is expected to remain hawkish on interest rates, something the market may have latched onto last Friday when bonds fell sharply and 10-year Treasury yields surged to within a whisker of 3%. Elsewhere, there will be a second reading for 2Q GDP growth in the US, consumer sentiment data for August, as well as the latest update to the Personal Consumption Expenditures (PCE) Price Index. This is the central bank preferred measure of inflation, and economists believe July numbers moderated somewhat from the month prior.

Stocks on watch

Almost before it took off, we're already in the home straight of the ASX reporting season, with as much as a quarter of the entire market value set to hand down earnings this week.

It all begins today with names such as Altium (ASX: ALU), casino operator Star Entertainment (ASX: SGR), property developer LendLease (ASX: LLC), building materials supplier Adbri (ASX: ABC), and payments processor EML Payments (ASX: EML). 

Foreign exchange rates are expected to be one point of focus for Altium, which provides software for printed circuit boards, and is largely tied to the US dollar. On the other hand, Star Entertainment will shed light on the extent of its regulatory issues, with the group caught up in all sorts of allegations over recent months ranging from money laundering, to operational breaches.

Tuesday will provide a better gauge on the state of the Australian retail market, with earnings set to come from Kogan (ASX: KGN), Breville (ASX: BRG), and shopping mall operator Scentre Group (ASX: SCG). All eyes have been focused on consumer sentiment of late, and how diminished confidence has yet to really translate into any impact on consumer spending.Apart from these names, we can also expect results from building products group Boral (ASX: BLD), aluminium mining company Alumina (ASX: AWC), leading drinks and hospitality business Endeavour Group (ASX: EDV), and engineering services firm Monadelphous (ASX: MND).However, the biggest result of the day will be saved for lithium producer Pilbara Minerals (ASX: PLS). With lithium prices racing sky high over the last year, the company is expected to be a major beneficiary, and may even notch up a few records in the process. At the same time, costs will be looked at closely given the company prior warnings on this front.

On Wednesday, it time for a couple of healthcare favourites to step up in Ansell (ASX: ANN) and Sonic Healthcare (ASX: SHL). The duo are well off their COVID highs as the evolving circumstances of the pandemic has seen a normalisation in their principal activities, and instead it will be margins that come into focus as supply chain issues and an inflationary environment take their toll. In addition, there will be reports from the likes of Tabcorp (ASX: TAH), Domino Pizza (ASX: DMP), WiseTech Global (ASX: WTC), Worley (ASX: WOR), and Iluka (ASX: ILU).Also on Wednesday, Coles (ASX: COL) will offer more clues on some of the same issues around supply chain and inflation angst, although the supermarket giant is expected to be helped by its status as a price-maker, something it shares with its peer Woolworths (ASX: WOW), which reports a day later. Labour expenses are expected to be a key watch-point given the impact of the pandemic, staff shortages, and other headwinds.Thursday is arguably the biggest reporting day throughout the entire month, with a swathe of reports scheduled for release. Other names under the microscope will be diversified miner South32 (ASX: S32), machine intelligence firm Appen (ASX: APX), Whitehaven Coal (ASX: WHC), Allkem (ASX: AKE), Flight Centre (ASX: FLT), Qantas (ASX: QAN), logistics operator Qube (ASX: QUB), fund manager Perpetual (ASX: PPT), and Zip (ASX: ZIP).

Of the above names, Whitehaven Coal and Allkem are expected to provide the strongest results, with there being no doubt that the coal industry has been one of the biggest winners in 2022 as prices soar in response to resurgent demand for the fossil fuel. Allkem, on the other hand, is riding the highs of the lithium boom, like Pilbara Minerals.

After issuing a mea culpa over the weekend, shares in Qantas are also expected to draw extra scrutiny as the company lays bare the extent of its operational challenges in coping with the surge in demand for travel.

Last but not least, the week concludes with results from Kmart and Bunnings parent company Wesfarmers (ASX: WES), which also has exposure to lithium through its ownership of Kidman Resources, food supplier Costa Group Holdings (ASX: CGC), and the nation largest private hospital operator in Ramsay Health Care (ASX: RHC).Outside of earnings, Nearmap (ASX: NEA) will remain a talking point a week after it received a $1 billion takeover bid from private equity. Following receipt of a formal offer, the company Board has unanimously recommended shareholders accept the takeover bid from its suitor, Thoma Bravo, valued at $2.10 per share. It has entered into an implementation deed, subject to a number of terms and conditions, with the Board arguing that the deal is in the best interests of shareholders¯.Overseas, Berkshire Hathaway (NYSE: BRK.B) gained approval late last week to increase its stake in oil explorer Occidental Petroleum (NYSE: OXY) to as much as 50%. The Federal Energy Regulatory Commission provided a green light, with the company this year best performing S&P 500 stock. Approval opens up the distinct possibility that Warren Buffett may be inching towards a full takeover of the energy player, which could put to use as much as half of the cash sitting on Berkshire balance sheet.Lastly, semiconductor firm Nvidia (NASDAQ: NVDA) is a late name to report quarterly earnings out of the US, while JD.com (HKG: 9618) and Pinduoduo (NASDAQ: PDD) complete the list of names on watch this week.