The coming week from July 19th to July 27th is packed with significant financial events, all times listed are in Beijing Time. Here is a detailed overview.
Top Events to Watch
In terms of monetary policy, the European Central Bank's interest rate decision stands as the primary macro event of the week. Markets widely anticipate the ECB will keep rates steady, with attention focused on President Christine Lagarde's press conference for her latest assessment of the inflation trajectory.
Earnings season reaches its peak, offering dual tests for the technology and new energy sectors. A cluster of major U.S. tech giants, including Alphabet (GOOG), Tesla Motors (TSLA), Intel (INTC), and IBM (IBM), are scheduled to report, providing a comprehensive check on AI computing demand, autonomous driving progress, and the recovery in traditional semiconductors. Meanwhile, the financial results from Contemporary Amperex Technology Co.,Ltd. (300750) will serve as a crucial barometer for China's new energy industry chain.
AI industry catalysts are set to materialize. AMD's "Advancing AI" event will be held, where a keynote by CEO Lisa Su may bring updates on new products and roadmaps. The full release of DeepSeek V4 is expected throughout the week, coinciding with the closing of the World Artificial Intelligence Conference (WAIC), potentially sparking a new wave of resonance in China's AI narrative. Additionally, the International Low-Altitude Economy Expo will take place in Shanghai. This marks the first large-scale industry exhibition since the low-altitude economy was incorporated into national planning and new civil aviation regulations took effect on July 1st.
Furthermore, a major domestic policy meeting in China is anticipated in late July. Internationally, Andy Burnham is expected to be formally sworn in as the UK Prime Minister on July 20th, becoming the country's seventh premier since the 2016 Brexit referendum. On the same day, Spain and Argentina will compete in the World Cup final in New Jersey to crown the 2026 champion. South Korea will release its early July export data on July 21st, offering an early signal on global semiconductor and trade momentum.
Key Economic Indicators
The European Central Bank will announce its interest rate decision on July 23rd, followed by a monetary policy press conference with President Christine Lagarde. The consensus expectation is for rates to remain unchanged. Analysis suggests that slowing inflation in the Eurozone in June has reduced the urgency for a rate hike, though persistently high commodity prices leave the door open for a potential move in September.
Central banks in Russia, South Africa, Turkey, and Indonesia are also scheduled to announce their latest interest rate decisions in the coming week.
China's latest Loan Prime Rate (LPR) figures will be released on July 20th. As of June this year, China's LPR has remained unchanged for 13 consecutive months, with the over-5-year rate at 3.5% and the 1-year rate at 3%.
Japan will release its nationwide Consumer Price Index data for June on July 24th. Market forecasts suggest core CPI will rise 1.5% year-on-year, up from a previous 1.4%, primarily driven by rising energy prices. South Korea will publish its export data for the first 20 days of July on July 21st and its preliminary second-quarter GDP figures on July 23rd. Estimates point to quarter-on-quarter GDP growth of 0.4%, a significant slowdown from the previous quarter's 1.8%. Despite strong demand for AI semiconductors, capacity constraints are limiting chip export volumes. Additionally, the United States will release the preliminary reading of the S&P Global Manufacturing PMI for July on the 24th, providing an early glimpse into that month's economic conditions.
Corporate Earnings Reports
Alphabet (GOOG), Tesla Motors (TSLA), IBM (IBM), and Texas Instruments (TXN) are set to report their latest quarterly earnings after the U.S. market closes on July 22nd. Intel (INTC) will follow with its report after the close on July 23rd. Domestically, Contemporary Amperex Technology Co.,Ltd. (CATL) (300750) is scheduled to report on July 24th. Market focus will center on the growth rate of Alphabet's cloud business and its AI monetization, Tesla's gross margin recovery, progress in Intel's foundry business, and CATL's profitability against the backdrop of its overseas expansion.
Recently, IBM's board proactively chose to issue an early warning for its Q2 performance, with the CEO publicly acknowledging a misstep in the quarter, leading to a 25% plunge in the company's stock. Analysts suggest that whether the full-year guidance is further revised downward will determine if the software sector faces a second wave of selling pressure.
Earnings Call Schedule
Intel's (INTC) Q2 earnings call is scheduled for 5:00 AM Beijing Time on July 24th, following its report on July 23rd after the U.S. close.
IBM's (IBM) Q2 earnings call is typically held half an hour after its report, which is expected after the U.S. close on July 22nd (5:00 AM Beijing Time, July 23rd).
Texas Instruments' (TXN) Q2 earnings call is set for 4:30 AM Beijing Time on July 23rd.
Tesla Motors' (TSLA) Q2 earnings call will take place at 5:30 AM Beijing Time on July 23rd.
Alphabet's (GOOG) Q2 earnings call is scheduled for 4:30 AM Beijing Time on July 23rd.
In the A-share and H-share markets, companies including Contemporary Amperex Technology Co.,Ltd. (CATL) (300750) and Hangzhou Hikvision Digital Technology are among those releasing financial reports.
Other Significant Events
The Politburo meeting in China is typically convened in late July. Analysis suggests the July meeting may focus on implementing more proactive fiscal policies and appropriately accommodative monetary measures to enhance policy coordination, maintain an independent stance, and address potential external uncertainties while striving for a strong start to the new planning period.
The DeepSeek team announced that the official version of DeepSeek V4 is scheduled for release in mid-July, introducing a peak/off-peak pricing model. Peak hours are set from 09:00-12:00 and 14:00-18:00 daily, during which API prices will double, while off-peak rates will remain at current levels.
Changxin Xinqiao Memory Technology, having completed its IPO subscription on July 16th, is expected to list on Shanghai's STAR Market in late July.
The 2026 AMD Advancing AI event will be held in San Francisco from July 22nd to 23rd. CEO Lisa Su is scheduled to deliver a keynote speech at 00:30 AM Beijing Time on July 24th. The event will focus on AI infrastructure and development ecosystems, with anticipated details on the Zen 6 processor architecture and next-generation AI products.
The 2026 International Low-Altitude Economy Expo will be held in Shanghai from July 22nd to 25th. This is the first large-scale industry exhibition since the sector's inclusion in national planning and the implementation of new civil aviation laws. In the eVTOL sector, companies including Volant Aerotech, TCab Tech, Aerofugia, AutoFlight, and Yufeng Future are expected to debut multiple aircraft. In the drone sector, leading firms such as DJI Enterprise, Meituan Drones, and Fengyi Technology will participate.
The 2026 World Artificial Intelligence Conference (WAIC) and the High-Level Meeting on Global AI Governance are being held in Shanghai from July 17th to 20th. Key agendas for the closing day on July 20th include a WAIC Thinkers Forum featuring Kai-Fu Lee and a forum on building new enterprise productivity with trusted AI.
The 2026 Shanghai Nuclear Energy Sustainable Development Conference will be held at the National Exhibition and Convention Center (Shanghai) from July 22nd to 24th. The 2026 China Auto Forum is scheduled in Shanghai's Jiading District from July 21st to 23rd.
The 2026 FIFA World Cup final between Spain and Argentina will be held at MetLife Stadium in New Jersey, with kickoff at 3:00 AM Beijing Time on July 20th, to decide the world champion.
According to reports, UK Labour MP Andy Burnham has secured sufficient nominations to effectively lock in the position of Labour leader and is expected to succeed as Prime Minister on July 20th.
U.S. President Donald Trump has stated that the White House Correspondents' Dinner has been rescheduled for July 24th, and he has accepted an invitation to attend.
The "Gravity-1" carrier rocket is expected to be launched at sea on July 22nd from waters east of Shanghai, according to reports.
Samsung Electronics will unveil its new Galaxy Watch at a global launch event on July 22nd.
The listing review committee of the Shenzhen Stock Exchange is scheduled to review the IPO application of Shenzhen Yuejiang Technology Co., Ltd. on July 22nd.
In other corporate developments, companies including Shenzhen Sinexcel Electric and Aikeseibo have announced price increases for their product lines, ranging from 5% to 30%, effective from specified dates in July.
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