Central bank decisions and Big Tech earnings headline next week’s market calendar

News Editor

2026-07-26 08:51:00

Global markets are heading into a busy week after renewed inflation worries weighed on risk assets, according to PANews. The report said investor concerns were rekindled by a combination of surging energy prices, new U.S. tariffs and rising AI-related capital spending. The Nasdaq led losses this week, while technology shares came under pressure from both macro conditions and company fundamentals. On Friday, the Philadelphia Semiconductor Index dropped 5%, with memory chip names taking the heaviest hit. Attention now turns to a packed schedule of macro events next week. Traders will watch the Federal Reserve’s FOMC rate decision and a subsequent press conference by Fed Chair Waller, along with the Bank of England’s rate announcement, minutes and monetary policy report. Markets will also be tracking U.S. initial jobless claims, core PCE inflation, personal spending and preliminary second-quarter GDP data, as well as eurozone GDP, inflation and labor data. The corporate calendar is also heavy. Apple, Meta Platforms, Amazon, Microsoft, Qualcomm and SK Hynix are all set to report earnings next week, putting additional focus on the technology sector.

Policy RegulationFederal ReserveBank of EnglandTech EarningsMacro DataAppleMicrosoft

Global investors are heading into a high-stakes week after inflation worries flared again, PANews reported on July 26. The report pointed to three drivers: a surge in energy prices, new tariffs announced by the United States, and a jump in AI capital spending.

U.S. equities were already showing the strain this week. The Nasdaq led the decline, and technology shares faced pressure from both macro conditions and company fundamentals. On Friday, the Philadelphia Semiconductor Index fell 5%, with memory-chip stocks hit first. Investors remained cautious ahead of next week’s Federal Reserve policy meeting, and many in the market see the risk of a hawkish surprise.

Key macro events next week

All times below are in Beijing time.

Tuesday 20:15: U.S. weekly change in ADP employment for the week ending July 11.
Thursday 02:00: Federal Open Market Committee rate decision.
Thursday 02:30: Federal Reserve Chair Waller holds a monetary policy press conference.
Thursday 17:00: Eurozone preliminary second-quarter GDP annual rate, June unemployment rate, July industrial sentiment index, and July economic sentiment index.
Thursday 19:00: Bank of England rate decision, meeting minutes and monetary policy report.
Thursday 19:30: Bank of England Governor Andrew Bailey holds a monetary policy press conference.
Thursday 20:30: U.S. initial jobless claims, June core PCE inflation year-on-year and month-on-month, June personal spending month-on-month, and preliminary second-quarter annualized real GDP growth, real personal consumption expenditures growth, and core PCE annualized quarterly rate.
Friday 17:00: Eurozone preliminary July CPI year-on-year and month-on-month.
Friday 21:45: U.S. July Chicago PMI.
Friday 22:00: Final July University of Michigan consumer sentiment reading and final one-year inflation expectations.

Big Tech earnings are also due

The earnings calendar will add another layer of pressure for markets. Apple (AAPL.O), Meta Platforms (META.O), Amazon (AMZN.O), Microsoft (MSFT.O), Qualcomm (QCOM.O) and SK Hynix are all scheduled to release earnings next week.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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