Overview of this week's key schedule.
Powell makes a public appearance under pressure and will deliver a welcome speech at a regulatory meeting.
Recently under constant pressure from the White House, Powell will deliver a welcome speech at a regulatory meeting on Tuesday before the market opens. The market has largely priced in that the Federal Reserve will not cut rates at the end of this month, but there is still controversy over the rate cut path for the September meeting. Trump’s dissatisfaction with Powell has recently escalated, continuously pressuring the Federal Reserve to "cut rates now." He even staged a "fire Powell" rehearsal with the market on the 16th. The market will look for any references to "the independence of the Federal Reserve" in his speech.
According to reports, Bessent told Trump that given the current good economic performance and the positive market response to Trump’s policies, there is no need to remove Powell. He also reminded Trump that Federal Reserve officials have signaled that they may cut rates twice before the end of the year, which is already moving in the direction Trump desires.
The '7 giants' of U.S. stocks enter the earnings season, with Tesla and Alphabet set to report their performances on Wednesday.
The U.S. stock earnings season, which directly affects individual stocks, will gradually reach its peak next week, with over 100 S&P 500 constituents expected to release earnings reports. $Coca-Cola (KO.US)$ 、 $General Motors (GM.US)$ This will bring the latest story of the impact of tariffs on the American business community.$Alphabet-A (GOOGL.US)$ 、 $Tesla (TSLA.US)$ This will become the focus of attention, and Musk's statements during the Earnings Reports conference call will also impact multiple Industries such as AI, self-driving Cars, and humanoid Robotics.
According to market expectations, Tesla's Q2 revenue is expected to be $22.83 billion, a decrease of 10.46% year-on-year; adjusted Net income is expected to be $1.533 billion, a decrease of 15.38% year-on-year; EPS is expected to be $0.43, a decrease of 17.46% year-on-year. Tesla announced that the delivery volume of Cars for Q2 2025 is 0.3841 million units, a decrease of approximately 0.06 million units compared to Q2 last year, a decline of 13.48% year-on-year. FactSet data shows that Wall Street Analysts previously expected the delivery volume to be around 0.387 million units.
Despite challenges facing the main business of Car sales, Tesla's energy storage business performed well, with Q2 revenue expected to reach $3.014 billion, a year-on-year increase of 100%, accounting for 11.8% of total revenue, which may bring surprises to the Q2 revenue.
President Trump will give a speech about the artificial intelligence industry.
President Trump plans to deliver an important speech next week outlining his vision for the development of artificial intelligence (AI) and proposing a strategy to ensure that the United States maintains its global leadership in this field. This will be his most significant statement on AI technology to date. The event, titled 'Winning the AI Race,' will take place on July 23 and is organized by David Sacks, the White House’s Director of Artificial Intelligence and Cryptos, along with the co-hosts of the 'All-In' podcast. A government official, who wished to remain anonymous, stated that this speech will provide a comprehensive overview of the artificial intelligence action plan that the Trump administration is about to release.
The action plan was initiated by an executive order signed by Trump just days after he took office in January this year, and is currently in the finalization stage. The plan is led by Sacks and White House technology advisor Michael Kratsios, incorporating extensive feedback from the Industry. The plan is expected to be released by the end of this month, after which Trump will sign a new executive order to implement specific policies.
The European Central Bank will announce its latest interest rate decision next Thursday, with the market generally expecting that the pace of interest rate cuts will temporarily halt.
The European Central Bank will announce its latest interest rate decision on July 24, with the market generally expecting that the pace of interest rate cuts will temporarily halt. RBC Capital Markets reports that, faced with renewed significant tariff uncertainties, the European Central Bank will aim to say less at the July meeting until the trade relationship between the EU and the US becomes clearer.
Key Performance Calendar for the New Week
Related reading:Tesla and Alphabet face their first major test after the tariff impact! Weekly Earnings Reports Quick Review (7.21-7.25)
July 21, Monday
Keywords: China's one-year loan market Quote rate, U.S. June Conference Board Leading Indicators month-on-month rate, State Council Information Office holds series of themed news conferences on "high-quality completion of the 14th Five-Year Plan"
On Monday, in terms of economic data, China's one-year loan market Quote rate will be announced at 9:00 on July 21; in the evening at 22:00, the U.S. will announce the June Conference Board Leading Indicators month-on-month rate.
In terms of financial events, at 10:00, the State Council Information Office will hold series of themed news conferences on "high-quality completion of the 14th Five-Year Plan."
In terms of performance, $Verizon (VZ.US)$、 $Domino's Pizza (DPZ.US)$Performance will be announced before Pre-Market Trading in the USA; $NXP Semiconductors (NXPI.US)$The earnings report will be released in Post-Market Trading.
July 22nd, Tuesday.
Keywords: Richmond Fed Manufacturing Index, Powell's welcoming remarks, State Council press conference.
On Tuesday, regarding economic data, at 22:00, the U.S. July Richmond Fed Manufacturing Index will be released.
In terms of financial events, at 15:00, the State Council will hold a press conference on the Forex receipts and payments data for the first half of 2025; at 20:30, Federal Reserve Chairman Powell will deliver welcoming remarks at a regulatory meeting.
In terms of performance, $Philip Morris International (PM.US)$、 $Coca-Cola (KO.US)$Performance will be announced before Pre-Market Trading in the USA; $SAP SE (SAP.US)$ Earnings will be announced during Post-Market Trading.
July 23, Wednesday
Keywords: Trump gives a speech, Federal Reserve Governor Bowman, Alphabet, Tesla, IBM performance.
On Wednesday, regarding economic data, at 22:00, the annualized data of June existing home sales in the United States will be released; at 22:30, EIA crude oil inventory data for the week ending July 18 in the United States will be announced.
In terms of financial events, at 01:00, Federal Reserve Governor Bowman will host a fireside chat session at a large bank capital framework meeting organized by the Federal Reserve. Additionally, Trump will also give a speech at an event called 'Winning the AI Race', with no specific time set yet.
In terms of performance,$AT&T (T.US)$Performance will be announced in Pre-Market Trading,$ServiceNow (NOW.US)$、$T-Mobile US (TMUS.US)$、 $Alphabet-C (GOOG.US)$ 、 $Tesla (TSLA.US)$、$IBM Corp (IBM.US)$The earnings report will be released in Post-Market Trading.
July 24, Thursday
Keywords: Intel earnings, unemployment claims, manufacturing PMI, services PMI, European Central Bank interest rate decision.
On Thursday, in terms of economic data, the number of initial unemployment claims in the United States for the week ending July 19 will be released at 20:30; later at 21:45, the preliminary value of the S&P Global Manufacturing PMI and the preliminary value of the S&P Global Services PMI for July will be announced.
In terms of financial events, at 20:15, the European Central Bank will announce its interest rate decision, followed by a monetary policy press conference by ECB President Lagarde at 20:45.
In terms of performance,$Blackstone (BX.US)$、$Union Pacific (UNP.US)$、$American Airlines (AAL.US)$Performance will be announced during Pre-Market Trading. $Intel (INTC.US)$ Earnings will be announced during Post-Market Trading.
July 25, Friday
Keywords: Vilizhibo, General Enterprise Ventures, Durable Goods Orders Month-on-Month.
On Friday, economic data will reveal the U.S. June Durable Goods Orders Month-on-Month at 20:30.
New Stocks $LEADS BIOLABS-B (09887.HK)$ 、 $GENERAL ENTERPRISE VENTURES INC (GEVI.US)$ It will be listed.
In terms of performance, $VOLKSWAGEN A G (VWAGY.US)$ 、 $HCA Healthcare (HCA.US)$ 、 $Aon PLC (AON.US)$ Will announce earnings.
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In the new week, wishing mooers a successful investment!
Editor/joryn
