2026.07.1017:28:08UTC+00Week Ahead - Jul 13th

Global markets face a packed week, highlighted by the start of earnings season, led as usual by the largest US banks, along with reports from Netflix, Johnson & Johnson, and UnitedHealth. At the same time, Fed Chair Warsh may expand on potential Federal Reserve reforms in his congressional testimony, following the formation of his internal task forces.

These earnings and policy signals will coincide with the release of June CPI, which will show whether the recent decline in oil prices has filtered through to consumer prices. The US data calendar also features the University of Michigan consumer sentiment index, trade figures, and housing indicators.

In Europe, the UK will publish its May GDP report and, together with the Eurozone, release industrial production data. China’s extensive data slate includes Q2 GDP, the trade balance, and monetary aggregates, alongside industrial production, retail sales, unemployment, and housing price data. Japan will report on core machinery orders.

In Asia’s earnings season, results from TSMC are poised to be a key driver of volatility in global semiconductor stocks.