Key market drivers: Tuesday’s US June CPI and core CPI (primary near‑term driver
for Treasury yields and Fed pricing); Wednesday’s China Q2 GDP YoY, June retail
sales and industrial production (material for China growth, EM sentiment and
policy bets). U.S. data also: Tuesday NFIB, ADP jobs; Wednesday PPI and NY Fed
manufacturing; Thursday retail sales and initial jobless claims; Friday housing
starts, permits and preliminary July Michigan confidence and one‑year inflation
expectations. Monetary policy and central‑bank speeches: Fed chair Kevin Warsh
to testify to the House Tuesday and the Senate Wednesday on the semi‑annual
monetary policy report; Fed gov Waller speaks Tuesday; NY Fed president Williams
speaks Wednesday; other FOMC voters scheduled include Chicago Fed president
Goolsby (Wed), St. Louis Fed president Mussailem (Thu), Dallas Fed president
Logan (Fri) and Fed vice‑chair Jefferson (Fri). Bank of Canada decision and
policy report due Wednesday with Governor Macklem and Dep. Gov. Rogers briefing
markets; South Korea’s central bank decision is due around July 16/17. Liquids
and energy flow: OPEC monthly oil market report (timing TBD Mon); API and EIA
weekly crude inventories Tue/Wed; EIA gas weekly on Thursday. Corporate and
sector flow: US big‑bank results (JPM, Citi, BofA, GS, WFC) premarket Tuesday;
Morgan Stanley, ASML, Johnson & Johnson, BlackRock premarket Wednesday; TSMC
premarket Thursday; Netflix and Alcoa postmarket Thursday. China specifics:
tentative June M2 on Monday, June trade balance Tuesday, nationwide electricity
use and large‑cap property price release around Wednesday; domestic fuel price
adjustment window opens Friday. Market operational note: Seoul exchange closed
Friday for a local holiday.
