Economic calendar: a calm beginning to an intense week 📌

The macroeconomic calendar today is relatively light and no events have been scheduled that could have an impact on global financial markets. However, in the following days of this week, investors will get to know reports such as CPI from the US, speeches by FOMC representatives, Jerome Powell's testimony. In addition, next week will mark the start of the quarterly earnings season on Wall Street. On Friday, we will learn reports from the banking sector, including JP Morgan, Wells Fargo and Citigroup. 

Detailed calendar of the week:

July 09: Tuesday

• 03:00 pm BST - USA, Powell's semi-annual hearing

• 09:40 pm BST - US, API data on oil inventories

July 10: Wednesday

• 02:30 am BST - China, CPI and PPI inflation for June

• 03:00 am BST - New Zealand, interest rate decision

• 07:00 am BST - Norway, CPI inflation for June

• 03:00 pm BST - US, Powell's semi-annual hearing

• 03:30 pm BST - DOE data on oil inventories  

July 11: Thursday

• 07:00 am BST - Germany, revision of CPI data for June

• 07:00 am BST - UK, GDP data for May

• 01:30 pm BST - USA, CPI data for June  

• 03:30 pm BST - US, EIA data on natural gas inventories

July 12: Friday

• Bank results ahead of the session on Wall Street

• 00:00 am BST - China, foreign trade balance data for June

• 00:30 am BST - New Zealand, manufacturing PMI data for June

• 07:00 am BST - Sweden, CPI inflation for June (revision)

• 07:45 am BST - France, CPI data for June (revision)

• 10:00 am BST - Spain, CPI data for June (revision)

• 01:30 pm BST - USA, PPI data for June

• 03:00 pm BST - US, UoM sentiment for July