Next week's important events and data previews - China's July CPI + trade balance, the United States begins implementing "equal tariffs".

Monday: Data: Eurozone August Sentix Investor Confidence Index; US June Factory Orders Month-on-Month. Earnings Report: Palantir. Tuesday: Data: China July S&P Global Services PMI; Final Services PMI for UK, France, Germany, and Eurozone in July, Eurozone June PPI Month-on-Month; US June Trade Balance, US July S&P Global Services PMI, US July ISM Non-Manufacturing PMI. Events: Saudi Aramco announces official crude oil prices around the 5th of every month. Earnings Reports: Pfizer, AMD, Lucid, Rivian. Wednesday: Data: US API and EIA Crude Oil Inventories up to August 1st week, Global Supply Chain Pressure Index for July in the US; Eurozone June Retail Sales Month-on-Month. Earnings Reports: Walt Disney, McDonald's. Thursday: Data: China July Trade Balance, China July Foreign Exchange Reserves; Germany June Adjusted Industrial Output Month-on-Month, Germany June Adjusted Trade Balance; France June Trade Balance; Switzerland July Adjusted Unemployment Rate; UK July Halifax Adjusted House Price Index Month-on-Month, UK Central Bank Rate Decision up to August 7th; US 10-year Treasury Auction up to August 6th, US Initial Jobless Claims up to August 2nd week, US June Wholesale Sales Month-on-Month, US EIA Natural Gas Inventory up to August 1st week, NY Fed 1-year Inflation Expectations for July. Events: US starts implementing "reciprocal tariffs"; UK Central Bank announces rate decision, meeting minutes and monetary policy report; 2027 FOMC voter and San Francisco Fed President Daly speech; 2027 FOMC voter and Atlanta Fed President Bostic virtually participate in Fireside Chat on monetary policy with CFOs of Florida. Earnings Reports: China Mobile, SMIC. Friday: Data: China July M2 Money Supply Annual Growth Rate; Japan June Trade Balance; France Q2 ILO Unemployment Rate; Switzerland July Consumer Confidence Index; Canada July Employment Figures. Events: US hopes for Russia-Ukraine conflict to end by August 8th; Bank of Japan announces summary of opinions from July Monetary Policy Meeting; 2025 FOMC voter and St. Louis Fed President Mester speech; 2025 World Robot Expo opens in Beijing. Saturday: Data: US Total Oil Rig Count up to August 8th week; China CPI Annual Growth Rate in July. Event: CFTC releases weekly Commitments of Traders report.