Major Events and Data Previews This Week: U.S. CPI, China GDP, and Waush’s Debut in Congress

Jinse Finance reports: On July 13, this week’s key events and data previews are as follows:

1. Monday: ① Data: China’s June M2 money supply YoY growth rate (TBD). ② Event: OPEC releases its monthly oil market report (the exact release time is TBD; it is generally released around 18:00–21:00 Beijing time).
2. Tuesday: ① Data: The U.S. June NFIB Small Business Confidence Index, ADP employment change (weekly), U.S. June CPI and core CPI data; China’s June trade balance. ② Event: Fed Governor Waller delivers remarks; the State Council Information Office holds a press conference on China’s import and export situation in the first half of 2026; Fed Chair Wosch attends the House Financial Services Committee hearing on the “Fed Semiannual Monetary Policy Report” [simultaneous interpretation]. ③ Earnings: JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, and Wells Fargo (pre-market U.S. stocks).
3. Wednesday: ① Data: The U.S. API weekly crude oil inventories, weekly EIA crude oil inventories, U.S. June PPI YoY and MoM, U.S. July New York Fed manufacturing index; China’s second-quarter GDP YoY growth rate, June total retail sales of consumer goods YoY growth, June value-added industrial output for industries above a designated size YoY growth, China’s June total electricity consumption for the whole society (TBD); the euro area’s May industrial production MoM; Canada’s May wholesale sales MoM, and the Bank of Canada’s interest rate decision through July 15. ② Event: The National Energy Administration releases the total electricity consumption data for the whole society around the 15th of each month; 2027 FOMC voting member and Chicago Fed President Goolsby participates in a fireside chat; Bank of England Governor Bailey delivers remarks; the National Bureau of Statistics releases a monthly report on residential sale prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy; FOMC permanent voting member and New York Fed President Williams delivers remarks; the Bank of Canada releases its interest-rate decision and monetary policy report; Fed Chair Wosch attends the Senate Committee on Banking, Housing, and Urban Affairs hearing on the “Fed Semiannual Monetary Policy Report” [simultaneous interpretation]; Bank of Canada Governor Macklem and Senior Deputy Governor Rogers hold a monetary policy press conference. ③ Earnings: Morgan Stanley, ASML, Johnson & Johnson, and BlackRock (pre-market U.S. stocks).
4. Thursday: ① Data: South Korea’s interest rate decision through July 16; the UK’s May 3-month GDP MoM, May manufacturing output MoM, May seasonally adjusted goods trade balance, and May industrial production MoM; the euro area’s May seasonally adjusted trade balance; the U.S. initial jobless claims for the week ending July 11, June retail sales MoM, July Philadelphia Fed manufacturing index, July NAHB housing market index, May business inventories MoM, June existing home contract sales index MoM, and the EIA natural gas weekly report. ② Event: The Fed releases the Beige Book on economic conditions; 2028 FOMC voting member and St. Louis Fed President Musalem delivers remarks; Zhaoxin Technology begins a new share subscription. ③ Earnings: TSMC (pre-market U.S. stocks), Netflix, and Alcoa (after-hours U.S. stocks).
5. Friday: ① Data: the euro area’s May seasonally adjusted current account balance and the final value of June CPI YoY; the U.S. June total housing starts (annualized), June total building permits, June import price index MoM, and June industrial production MoM.