Important events and data forecasts this week - US CPI, China GDP, and trade balance


1. Monday: ① Data: China's June trade balance, money supply, social financing, new RMB loans, total electricity consumption. ② Events: U.S. President Trump plans to make a "major statement" on the Russia issue. The State Council Information Office will hold a press conference on the import and export situation in the first half of 2025 and the financial statistics.
2. Tuesday: ① Data: China's Q2 GDP; China's June total retail sales of consumer goods, value-added industrial output above a designated size. US June CPI, US July New York Fed manufacturing index. Canadian June CPI. ② Events: 100 billion yuan 1-year medium-term lending facility matures. The National Bureau of Statistics releases the monthly report on residential sales prices in 70 large and medium-sized cities. The State Council Information Office holds a press conference on the national economic operation in the first half of 2025. Domestic refined oil will enter a new round of price adjustment window. OPEC monthly report. Federal Reserve officials Collins and Bowman speak. ③ Earnings reports: JPMorgan Chase, Citigroup.
3. Wednesday: ① Data: US June PPI, US API and EIA crude oil inventory weekly report. UK June CPI. Eurozone May trade balance. ② Events: Federal Reserve officials Bullard, Collins, Logan, and Harker speak. Bank of England Governor Bailey speaks. ③ Earnings reports: Morgan Stanley, Bank of America, Goldman Sachs, ASML.
4. Thursday: ① Data: US June retail sales, import price index, initial jobless claims, EIA natural gas inventory. Eurozone June CPI. UK June unemployment rate. Australia June unemployment rate. ② Events: Federal Reserve releases Beige Book on economic conditions. Federal Reserve's Williams speaks on the US economy and monetary policy. South Africa hosts G20 finance ministers and central bank governors meeting, until July 18. ③ Earnings report: TSMC.
5. Friday: ① Data: US July one-year inflation rate preliminary expectation, University of Michigan Consumer Confidence Index preliminary value. Japan June CPI. Germany June PPI. Eurozone May current account.
6. Saturday: ① Data: Total number of oil rigs in the U.S. for the week ending July 18. ② Event: CFTC releases weekly positions report.
7. Sunday: ① Event: The 27th House of Councillors election in Japan. The President of the Philippines visits the United States.
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