Important Events and Data Forecast for Next Week — China July CPI + Trade Balance, US Begins Implementation of 'Reciprocal Tariffs'
1. Monday: ① Data: Eurozone August Sentix Investor Confidence Index; US June Factory Orders MoM. ② Earnings: Palantir (after US market close).
2. Tuesday: ① Data: China July S&P Global Services PMI; final values for July Services PMI for the UK, France, Germany, and Eurozone; Eurozone June PPI MoM; US June Trade Balance, final value of US July S&P Global Services PMI, US July ISM Non-Manufacturing PMI. ② Event: Saudi Aramco announces official crude oil prices around the 5th of each month. ③ Earnings: Pfizer (before US market open), AMD, Lucid, Rivian (after US market close).
3. Wednesday: ① Data: US API and EIA Crude Oil Inventories for the week ending August 1; US July Global Supply Chain Pressure Index; Eurozone June Retail Sales MoM. ② Earnings: Walt Disney, McDonald's (before US market open).
4. Thursday: ① Data: China July Trade Balance, China July Foreign Exchange Reserves; Germany June Seasonally Adjusted Industrial Production MoM, Germany June Seasonally Adjusted Trade Balance; France June Trade Balance; Switzerland July Seasonally Adjusted Unemployment Rate; UK July Halifax Seasonally Adjusted House Price Index MoM, UK Central Bank Interest Rate Decision as of August 7; US 10-Year Treasury Auction as of August 6, US Initial Jobless Claims for the week ending August 2, US June Wholesale Sales MoM, US EIA Natural Gas Inventory for the week ending August 1, US July New York Fed 1-Year Inflation Expectations. ② Event: US begins implementation of 'Reciprocal Tariffs'; Bank of England announces interest rate decision, meeting minutes, and monetary policy report; 2027 FOMC voting member and San Francisco Fed President Daly speaks; 2027 FOMC voting member and Atlanta Fed President Bostic participates online in a fireside chat regarding monetary policy with the Florida Chief Financial Officers Association. ③ Earnings: China Mobile, SMIC.
5. Friday: ① Data: China July M2 Money Supply YoY; Japan June Trade Balance; France Q2 ILO Unemployment Rate; Switzerland July Consumer Confidence Index; Canada July Employment Numbers. ② Event: US hopes for the end of the Russia-Ukraine conflict before August 8; Bank of Japan releases summary of opinions from the July Monetary Policy Meeting; 2025 FOMC voting member and St. Louis Fed President Bullard speaks; 2025 World Robot Conference opens in Beijing.