Important Events and Data Forecast for the Week of July 7

1. Monday: 1 Data: US June Global Supply Chain Pressure Index; China's June foreign exchange reserves will be announced soon. Event: Trump's 12 trade tariff letters will be sent out on Monday.

2. Tuesday: 1 Data: Japan, Germany, France May Trade Balances; Reserve Bank of Australia's July interest rate decision; US June NFIB Small Business Confidence Index, June New York Fed 1-Year Inflation Expectations.

3. Wednesday: 1 Data: US API, EIA Crude Oil Inventory Weekly Report, US May Wholesale Sales Month-on-Month; China's June CPI; New Zealand interest rate decision. Event: EIA Monthly Short-Term Energy Outlook Report; Reserve Bank of New Zealand interest rate decision and monetary policy assessment report, Chair Orr holds a press conference; US equivalent tariff suspension period ends.

4. Thursday: 1 Data: US 10-Year Treasury Auction, Initial Jobless Claims, EIA Natural Gas Inventory; Germany June CPI Month-on-Month Final Value; China's June M2 Money Supply Year-on-Year. Event: Federal Reserve Meeting Minutes, Federal Reserve's Musalem discusses the US economy and monetary policy.

5. Friday: Federal Reserve's Daly speaks on the outlook for the US economy.