Markets are set to look toward Europe next week as the U.S. Federal Reserve enters its pre-meeting blackout period and the U.S. calendar lacks any major data releases that could materially sway the upcoming rate decision, according to BlockBeats. The outlet said ongoing changes in the Iran-Israel conflict remain part of the broader backdrop, but the week’s scheduled catalysts are concentrated in macro events and corporate earnings.
Key items on the calendar, all listed in Beijing time, include the U.S. ADP employment change for the week ending July 4 at 20:15 on Tuesday, the European Central Bank’s interest rate decision at 20:15 on Thursday, and ECB President Christine Lagarde’s monetary policy press conference at 20:45 the same day. On Friday at 07:30, Japan will release its June core CPI annual rate.
Earnings season will also stay active. Dozens of companies are due to report second-quarter results next week, with Tesla scheduled to release earnings early Thursday, July 23, Beijing time, Blackstone set to report before the U.S. stock market opens on July 23 Beijing time, and Intel due to publish results early Friday, July 24, Beijing time.
BlockBeats reported on July 18 that markets will head into next week with attention shifting toward Europe, as the U.S. Federal Reserve enters its pre-meeting blackout period and the U.S. side has no major data releases seen as capable of influencing the upcoming rate meeting.
The report also noted that the Iran-Israel conflict continues to evolve.
Key events on next week’s calendar
The following items are the main focus for markets next week, with all times listed in Beijing time:
- Tuesday 20:15: U.S. ADP employment change for the week ending July 4;
- Thursday 20:15: European Central Bank interest rate decision;
- Thursday 20:45: ECB President Christine Lagarde holds a monetary policy press conference;
- Friday 07:30: Japan June core CPI annual rate.
Earnings season remains active
Dozens of companies are also set to release second-quarter results next week.
Tesla is scheduled to report early on Thursday, July 23, Beijing time. Blackstone is due to release earnings before the U.S. stock market opens on July 23, Beijing time. Intel is set to report early on Friday, July 24, Beijing time.
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