Important events and data forecasts for next week - China's July CPI + trade balance, the US begins implementing "reciprocal tariffs".

1. Monday: ① Data: Eurozone August Sentix Investor Confidence Index; US June Factory Orders MoM. ② Earnings Report: Palantir (after US market close).
2. Tuesday: ① Data: China's July S&P Global Services PMI; final values of the July Services PMI for the UK, France, Germany, and the Eurozone; Eurozone June PPI month-on-month; US June trade balance; final value of the US July S&P Global Services PMI; US July ISM Non-Manufacturing PMI. ② Events: Saudi Aramco announces official crude oil prices around the 5th of each month. ③ Earnings reports: Pfizer (pre-market), AMD, Lucid, Rivian (after market).
3. Wednesday: ① Data: U.S. API and EIA crude oil inventories for the week ending August 1, U.S. global supply chain pressure index for July; Eurozone retail sales monthly rate for June. ② Earnings reports: Walt Disney, McDonald's (pre-market).
4. Thursday: ① Data: China's July trade balance, China's July foreign exchange reserves; Germany's June seasonally adjusted industrial production month-on-month, Germany's June seasonally adjusted trade balance; France's June trade balance; Switzerland's July seasonally adjusted unemployment rate; UK's July Halifax seasonally adjusted house price index month-on-month, UK central bank interest rate decision until August 7; US 10-year Treasury auction until August 6, US initial jobless claims for the week ending August 2, US June wholesale sales month-on-month, US EIA natural gas inventory for the week ending August 1, US July New York Fed 1-year inflation expectations. ② Events: The US begins implementing "reciprocal tariffs"; The Bank of England releases interest rate decision, meeting minutes, and monetary policy report; 2027 FOMC voter, San Francisco Fed President Daly speaks; 2027 FOMC voter, Atlanta Fed President Bostic participates online in the Florida CFO Association's discussion on monetary policy. ③ Financial reports: China Mobile, SMIC.
5. Friday: ① Data: China's July M2 money supply year-on-year; Japan's June trade balance; France's second quarter ILO unemployment rate; Switzerland's July consumer confidence index; Canada's July employment figures. ② Events: The U.S. hopes the Russia-Ukraine conflict will end before August 8; The Bank of Japan releases a summary of opinions from the July monetary policy meeting; 2025 FOMC voting member and St. Louis Fed President Bullard gives a speech; The 2025 World Robot Expo opens in Beijing.
6. Saturday: ① Data: Total number of oil rigs in the U.S. for the week ending August 8; China's July CPI year-on-year. ② Event: CFTC releases weekly positioning report.
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