BlockBeats news: On July 26, next week is set to be a period of significant opportunity and challenge for investors, as the market approaches a critical turning point. The most unpredictable factor is the U.S.-Iran situation. On one hand, markets anticipate strong incentives for Trump to pursue TACO (he has already halted strikes against Iran on Friday). On the other hand, Israel’s escalation and whether Iran is willing to negotiate and make concessions will determine how long peace can last. With AI trading cooling down and macro liquidity expectations shifting, geopolitical tensions are undoubtedly the most compelling rationale for market sell-offs. Therefore, the trajectory of U.S.-Iran relations next week warrants close attention from investors. Additionally, CXMT, China’s leading domestic memory chip manufacturer, widely watched by both domestic and international investors, will list on the Shanghai Stock Exchange’s STAR Market on Monday; its post-listing performance could significantly influence market sentiment around AI trading.
In summary, the key macroeconomic events next week are as follows:
On Monday, CXMT will list on China's STAR Market;
Tuesday, 20:15: Weekly change in ADP employment numbers for the week ending July 11 in the United States;
Thursday, 02:00: The Federal Reserve FOMC announces its interest rate decision; Thursday, 02:30: Federal Reserve Chair Powell holds a monetary policy press conference;
On Thursday at 19:00, the Bank of England will announce its interest rate decision, meeting minutes, and Monetary Policy Report; on Thursday at 19:30, Bank of England Governor Bailey will hold a monetary policy press conference.
Thursday, 20:30: U.S. Initial Jobless Claims, U.S. Core PCE Price Index Year-over-Year/Month-over-Month for June, U.S. Personal Spending Month-over-Month for June;
On Friday, the Bank of Japan announces its interest rate decision and economic outlook report; at 14:30 on Friday, Bank of Japan Governor Kazuo Ueda holds a monetary policy press conference.
Friday, 21:45, U.S. July Chicago PMI;
Friday, 22:00, final value of the University of Michigan Consumer Sentiment Index for July, final value of the University of Michigan One-Year Inflation Expectation for July.
Finally, next week brings a wave of earnings reports from tech companies. Tech giants including Apple, Meta Platforms, Amazon, Microsoft, Qualcomm, and SK Hynix will release their earnings on Wednesday and Thursday.