Weekly Event and Data Preview: Fed, Tech Earnings, and PCE Inflation Ahead

According to Jin10, this week features major events and data releases led by the Federal Reserve, alongside earnings from SK Hynix, Meta, Microsoft, Qualcomm, ARM, Amazon, and Apple.

Monday includes Germany's July Ifo business climate index, the U.K. July CBI retail sales balance, U.S. June durable goods orders, and the Dallas Fed's July business activity index. Tuesday brings U.S. ADP weekly employment change for the week to July 11, the May FHFA house price index, the May S&P/CS20 home price index, July Conference Board consumer confidence, and the Richmond Fed manufacturing index, while Reserve Bank of Australia Governor Michele Bullock is scheduled to speak.

Wednesday includes U.S. API crude inventories for the week to July 24, Australia's June seasonally adjusted CPI, Switzerland's July ZEW investor sentiment index, the U.K. Bank of England mortgage approvals, and U.S. EIA crude oil, Cushing crude, and strategic petroleum reserve inventories for the week to July 24. SK Hynix is also set to report second-quarter earnings.

Thursday brings the Fed's July 29 interest-rate decision, France's preliminary second-quarter GDP, Switzerland's July KOF leading indicator, Germany's preliminary second-quarter GDP, preliminary second-quarter GDP for the euro area, euro area June unemployment, euro area July industrial sentiment, euro area July economic sentiment, the Bank of England's July 30 rate decision, Germany's preliminary July CPI, U.S. weekly jobless claims for the week to July 25, June core PCE prices, personal spending, preliminary second-quarter real GDP, preliminary second-quarter real personal consumption expenditures, preliminary second-quarter core PCE prices, June core PCE prices month-on-month, and U.S. EIA natural gas inventories for the week to July 24. Canada will publish minutes from its monetary policy meeting, the Federal Reserve will release its FOMC rate decision, Fed Chair Kevin Warsh will hold a monetary policy press conference, and the Bank of England will announce its rate decision, minutes, and monetary policy report, with Governor Andrew Bailey also holding a press conference. Meta, Microsoft, Qualcomm, and ARM are due to report second-quarter 2026 earnings after the U.S. market close on July 29.

Friday data include Japan's June unemployment rate, China's official July manufacturing PMI, the U.K. Nationwide house price index, Switzerland's June real retail sales, France's preliminary July CPI, Germany's seasonally adjusted July unemployment change and unemployment rate, preliminary July CPI for the euro area, Canada's May GDP, U.S. second-quarter labor cost index, Chicago PMI, final July University of Michigan consumer sentiment, final July one-year inflation expectations, and Japan's target interest rate to July 31. Domestic refined oil products will open a new pricing window, and the Bank of Japan will announce its rate decision and outlook report, with Governor Kazuo Ueda holding a monetary policy press conference. Amazon and Apple are set to report earnings after the U.S. market close on July 30.

Saturday brings U.S. oil rig counts for the week to July 31, and Sunday features OPEC+ producers' monthly meeting on oil policy.