Busy Week Ahead: U.S. CPI, Fed Testimony, China GDP
Markets gear up for a data-heavy week featuring U.S. June CPI and PPI, Fed Chair Kevin Warsh's congressional testimony, China's Q2 GDP, and key bank earnings.
The upcoming week is packed with major macro events. On Tuesday, U.S. June CPI inflation data will be released, followed by Fed Chair Kevin Warsh's testimony before the House Financial Services Committee. Major U.S. banks including JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Wells Fargo begin reporting Q2 earnings.
Wednesday brings China's Q2 GDP and U.S. June PPI inflation, along with a second day of Warsh's testimony before the Senate Banking Committee. The Fed's Beige Book will be published at 20:00 CET.
Thursday features U.S. initial jobless claims and the Fed's weekly balance sheet report (H.4.1). The week concludes Friday with U.S. import and export price indexes for June.
Source: Cointelegraph