The Day Ahead

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Key Data Releases:

US:

Q2 GDP – Crucial insight into US economic momentum.

July ADP Employment – A labor market pulse-check ahead of Friday's payrolls.

June Pending Home Sales – Gauges housing market resilience.

Europe:

Germany, France, Italy, Eurozone Q2 GDP – A comprehensive picture of Eurozone growth trajectory.

June Retail Sales (Germany), Consumer Spending (France), Wages and Industrial Sales (Italy) – Offer inflation and demand signals.

Eurozone July Economic Confidence – Reflects business and consumer sentiment.

Australia:

June CPI – May influence RBA policy expectations.

Central Bank Decisions:

Federal Reserve:

Widely anticipated decision following disinflationary signals and resilient growth.

Bank of Canada:

Eyes on dovish shift as domestic momentum cools.

Major Earnings:

Tech Titans: Microsoft, Meta, Qualcomm, ARM – Key drivers of market sentiment, especially AI and cloud-related narratives.

Luxury & Autos: Hermes, Porsche, Mercedes-Benz – Demand indicators from high-end consumers.

Banks & Financials: HSBC, UBS, Intesa Sanpaolo, Robinhood – Update on global credit and trading conditions.

Industrials & Energy: Airbus, Lam Research, Rio Tinto, Vinci, BAE – Supply chain and CapEx insights.

Consumer & Retail: Ford, adidas, Hershey, Kraft Heinz, Etsy, Just Eat – Demand resilience and margin pressures.

US Treasury:

Quarterly Refunding Announcement – Market-sensitive update on bond issuance plans, with implications for yields and risk sentiment.

Conclusion:
This is a pivotal day for markets, combining top-tier macroeconomic data, central bank rate decisions, and heavyweight earnings. The Fed’s stance will likely steer risk appetite, while GDP prints across the US and Europe will refine global growth expectations. Meanwhile, earnings from major tech and consumer names will test the strength of market leadership. Volatility is likely to rise, with traders balancing soft-landing hopes against persistent inflation risks and policy uncertainty.

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.

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