早盤開盤，國內期貨主力合約跌多漲少，SC原油跌近7%，低硫燃料油（LU）跌超6%，燃料油跌近6%，液化石油氣（LPG）跌超5%，苯乙烯（EB）、純苯跌近4%，合成橡膠跌超3%，瀝青跌近3%。漲幅方面，滬銀漲超3%，燒鹼漲超2%，鉑、鈀、滬錫、蘋果、碳酸鋰、滬金、玻璃漲超1%，硅鐵漲近1%。

Key market themes: Fed-led “super central bank week” with a pivotal FOMC decision and Fed Chair KEVIN WARSH press conference, June core PCE and US GDP data, heavy US tech earnings, weekly US oil inventories and an OPEC+ meeting. Monday — German IFO, UK CBI retail, US durable goods (Jun MoM) and Dallas Fed business index. Tuesday — US ADP payrolls (week to Jul 11), FHFA house prices (May MoM), S&P/Case‑Shiller 20‑city YoY (May), Conference Board consumer confidence (Jul) and RESERVE BANK OF AUSTRALIA Governor BULLOCK speaks. Wednesday — API crude stocks (week to Jul 24); EIA crude, Cushing and SPR weekly stocks; Australia unadj CPI (Jun YoY); Swiss ZEW; UK mortgage approvals; SK Hynix Q2 results. Thursday — FOMC rate decision and Chair KEVIN WARSH press conference; BOE rate decision, minutes, monetary policy report and Governor BAILEY press conference; BOC minutes; US advance Q2 GDP (annualized), Q2 core PCE (annualized preliminary), Jun core PCE (MoM/Yr), personal spending (Jun MoM), initial jobless claims; Eurozone and major European GDP preliminaries and sentiment indicators; Germany Jul CPI prelim; EIA weekly gas stocks; Meta, Microsoft, Qualcomm and ARM report Q2 after US close. Friday — Japan unemployment (Jun); China Jul official manufacturing PMI; UK Nationwide house prices; Eurozone Jul CPI prelim (YoY/MoM); France CPI prelim (Jul MoM); Germany unemployment data; Canada May GDP; US Q2 unit labour costs, Chicago PMI (Jul), U. of Michigan final confidence and 1‑yr inflation expectation (Jul); BANK OF JAPAN rate decision and Governor UEDA press conference; China opens new domestic refined‑fuel price adjustment window; Amazon and Apple report after US close. Saturday — US rotary/drill rig count (week to Jul 31). Sunday — OPEC+ monthly ministerial meeting.

On July 22, White House OSTP director Michael Kratsios posted on social media alleging Chinese AI firm Moonshot AI distilled ANTHROPIC's Fable to develop the Kimi K3 model. Hours later U.S. Treasury Secretary Scott Bessent warned he could respond with sanctions and placement on a U.S. entity list over the alleged distillation.