Market Preview: Big Bank Earnings, June Inflation, Retail Sales Data for This Week
This week is shaping up to be a big one for financial news, with major U.S. banks like JPMorgan Chase, Wells Fargo, Citigroup, Morgan Stanley, and Goldman Sachs all set to release their earnings reports. It’s like the kickoff to the second-quarter earnings season, and investors are keeping a close eye on how these institutions are faring.
But it’s not just the banks that are making headlines this week. We’re also expecting updates from tech giants like Taiwan Semiconductor Manufacturing and Netflix, as well as pharmaceutical companies like Johnson & Johnson and Novartis. It’s a busy time in the world of finance and business.
On the economic front, we’re eagerly awaiting the June Consumer Price Index (CPI) inflation report. This will give us a better understanding of consumer prices and how they might be impacted by things like U.S. tariff policies. Speaking of tariffs, we’ll also be looking at the June U.S. retail sales data to see how consumers have been responding to recent economic changes.
Last week ended on a bit of a downturn for stocks, but that hasn’t dampened the excitement for what this week has in store. Bitcoin even hit record highs before a big crypto event in Washington, D.C.
To make sure you’re staying on top of all the key events this week, check out our calendar below. And remember, it’s not just about the big banks – there’s a whole world of financial and economic news to keep an eye on. Let’s see what this week brings!
