What to Watch: Signs of economic stagnation or persistent inflation across the European continent could weigh on multinational U.S. stocks with heavy European exposure.
The Highlight: U.S. Conference Board Consumer Confidence numbers land on Tuesday, July 28, followed by earnings from Starbucks and Chipotle on Wednesday, July 29.
What to Watch: UPS acts as a barometer for global trade and consumer shipping volume, while Boeing’s delivery schedules and free cash flow targets remain under high scrutiny.
The Highlight: Key chip and hardware players report throughout the week: Cadence Design (Mon), NXP Semiconductors, KLA Corp, Seagate (Tue), and Arm Holdings (Wed).
The Highlight: Alongside the Fed, both the Bank of England (BoE) on Thursday, July 30, and the Bank of Japan (BoJ) on Friday, July 31, host policy meetings.
What to Watch: A hotter-than-expected core PCE reading could trigger market jitters over sticky inflation, while weak GDP could reignite growth concerns.
The Highlight: Crucial U.S. macroeconomic indicators are slated for Thursday, July 30, including the preliminary Q2 GDP growth rate and the PCE Price Index—the Fed's preferred inflation gauge.
The Highlight: Heavyweights Meta Platforms (reporting Wednesday, July 29) and Amazon (reporting Thursday, July 30) release their Q2 earnings.
What to Watch: Wall Street will closely monitor capital expenditure (CapEx) commentary on AI infrastructure, ad revenue resilience
What to Watch: Energy stocks and commodity markets will react to supply/demand dynamics and whether Chinese industrial activity shows signs of acceleration or slowdown.
The Highlight: The U.S. Federal Reserve holds its Federal Open Market Committee (FOMC) meeting, culminating in the interest rate announcement and Fed Chair Jerome Powell's press conference on Wednesday, July 29.
What to Watch: Markets will dissect Powell's commentary