Key Economic Events and Corporate Earnings: Week of July 28 – August 1, 2025

Introduction: The last week of July and the first of August promises to be eventful for investors. The American U.S. market finished the previous week on a high note, with indices reaching new peaks, and market participants are looking ahead with optimism. Attention now shifts to key economic events – the Fed's interest rate decision, fresh inflation and employment data, as well as the release of PMI indices – alongside a wave of corporate earnings from major companies. These reports and statistics will help gauge market sentiment and future projections for stock trends. Below, you will find a detailed overview of each day of the week (Monday through Friday), including the schedule of major macroeconomic releases and company reports (indicating which releases occur before market open and which after market close).

Monday, July 28, 2025

Major Economic Events:

• This day is void of significant macroeconomic indicators. The economic calendar is empty, allowing investors time to prepare for more eventful days ahead in the week.

Corporate Earnings:

• Before Market Open: No significant reports are expected.
• After Market Close: Welltower, Waste Management, Cadence Design Systems (CDNS). These companies will kick off the earnings season for the week – investors will evaluate Waste Management's and Cadence's results as indicators of business activity and technological demand at the outset of the week.

Commentary: Monday begins quietly: the absence of major statistical releases means that U.S. market influences will primarily stem from individual corporate news. The reports from the earnings reports after market close could set the tone for the week’s start, especially Waste Management's data and Cadence's report reflecting the state of industry and utilities.

Tuesday, July 29, 2025

Major Economic Events:

• 12:00 (UK): Approved mortgage lending statistics (June). An indicator of the state of the British housing market.
• 15:30 (USA): Goods trade balance for June. Data on U.S. exports and imports that influence GDP calculation.
• 17:00 (USA): Consumer confidence index CB (July) and JOLTS job openings (June). Strong figures may confirm the economy's resilience, while weak results could heighten concerns over unemployment and slowdowns.
• Also in focus: Preliminary GDP estimates for Sweden and Spain for Q2, and the S&P/Case-Shiller housing price index (May) in the U.S. These releases help assess the state of the European economy and the American housing market.

Corporate Earnings:

• Before Market Open: Procter & Gamble, UnitedHealth Group, AstraZeneca, Merck & Co., Boeing, Spotify, Royal Caribbean, UPS. The morning reports encompass a broad range of sectors – from consumer demand (P&G) and healthcare (UNH, Merck, AstraZeneca) to aerospace (Boeing) and the travel industry (Royal Caribbean). Investors will receive initial signals regarding the performance of these sectors.
• After Market Close: Visa, Booking Holdings, Starbucks, Meta Platforms, Microsoft, Qualcomm, Ford. In the evening, particular attention will be drawn to tech giants (Meta, Microsoft, Qualcomm) and the final results from Visa – taken together, they could significantly sway sentiment in both the tech and financial sectors.

Commentary: Tuesday's first significant macro indicators from the U.S. – consumer confidence and labor market figures – will signal household sentiments and employment conditions to investors. Against this backdrop, the day’s corporate releases are extensive: corporate earnings from heavyweights such as P&G and Boeing before market opening will set the session's tone, while attention will shift to tech leaders and growth companies after market close. Reports from Visa and several big tech companies will help assess how consumer spending and innovation sectors are faring under potential Fed policy tightening and inflationary pressures.

Wednesday, July 30, 2025

Major Economic Events:

• 04:30 (Australia): Consumer Price Index (CPI) for Q2 and monthly inflation indicator for June. Inflation data in Australia may impact sentiment in commodity markets and the AUD currency.
• 09:00 (Germany): Retail sales (June) – an indicator of domestic demand in Europe's largest economy.
• 12:00 (Eurozone): Preliminary GDP estimates for Q2 for France, Germany, Italy, and the Eurozone as a whole. Weak growth or stagnation will reaffirm cautious projections for Europe, while unexpectedly strong numbers will support the euro.
• 15:15 (USA): ADP employment report in the private sector (July). A preliminary signal before the official labor market data on Friday.
• 15:30 (USA): U.S. GDP for Q2 (preliminary estimate). A return to growth is expected after the decline in Q1; actual figures will be compared to market expectations.
• 17:00 (USA): Pending home sales (June) – an indicator of real estate activity.
• 21:00 (USA): FOMC interest rate decision. The climax of the day: while no changes to the rate are anticipated, Jerome Powell's comments (a press conference immediately after the announcement) will be closely analyzed for hints about future policy. Investors await signals on how the fight against inflation correlates with economic risks.
• 21:30 (Brazil): Central Bank of Brazil rate decision. Latin American markets will react to this step, especially in the context of global monetary policy trends.

Corporate Earnings:

• Before Market Open: HSBC Holdings, Automatic Data Processing (ADP), Etsy, Fiverr International, The Kraft Heinz Co., Takeda Pharmaceutical. Morning reports include a major European bank (HSBC) and several companies from the technology and consumer market sectors (ADP, Etsy, Kraft Heinz), providing a snapshot of corporate results internationally.
• After Market Close: Meta Platforms, Microsoft, Qualcomm, Arm Holdings, Robinhood Markets, Carvana, Allstate, Ford. Wednesday evening is a significant moment in the season: reports from tech giants Meta and Microsoft, along with chip maker Qualcomm, will set the tone for the entire tech sector. Also reporting are automaker Ford and several fintech/online companies (Robinhood, Carvana), which will provide insight into the breadth of corporate profit recovery.

Commentary: Wednesday is likely to be the central day of the week. Investors will be flooded with data: GDP figures on both sides of the Atlantic will reveal the actual growth rate of the economies, while the Fed's decision in the evening will shape short-term sentiment. If the Fed rate remains unchanged, focus will shift to the regulator's rhetoric – hints at future steps could significantly impact the U.S. market. On the corporate front, a torrent of reports from market leaders is expected after market close: their results and management forecasts will be scrutinized. Signals from Microsoft and Meta regarding demand dynamics in technology and advertising will particularly influence stocks across the sector.

Thursday, July 31, 2025

Major Economic Events:

• 03:00 (China): Official Manufacturing PMI index NBS for July. The status of China's manufacturing sector is crucial for global commodity markets and Asian currencies.
• 07:00 (Japan): Bank of Japan rate decision and monetary policy press release. An ultra-accommodative policy is expected to be maintained, but any changes in rhetoric could influence the yen and global risk appetite.
• 09:00 (Germany): Unemployment rate (July). An indicator of labor market health in Germany; stability here will support confidence in the European economy.
• 12:00 (Eurozone): Unemployment rate (June) and preliminary inflation data (CPI, July). Slowing inflation or rising unemployment will heighten expectations for EBC's soft policy, while high inflation figures will maintain pressure on the regulator.
• 15:30 (USA): Core PCE price index (June) and data on personal income/spending of Americans. The PCE index is a key inflation indicator for the Fed; its dynamics will largely dictate the further course of interest policy.
• 16:45 (USA): Chicago PMI (business activity in the manufacturing sector of Chicago, July). Local PMI may indicate trends ahead of the national data release.

Corporate Earnings:

• Before Market Open: Mastercard, AbbVie, Comcast, Ferrari, Bristol-Myers Squibb, Willis Towers Watson, CVS Health. Thursday morning will feature performances from major players in the financial sector (Mastercard), pharmaceuticals (AbbVie, BMS), media and telecom (Comcast), as well as luxury automotive (Italian Ferrari). These reports will collectively reflect consumer demand state – from spending on credit cards to sales of premium vehicles.
• After Market Close: Apple, Amazon, MicroStrategy, Coinbase, AMC Entertainment (expected), Ford (if not earlier). The key releases of the evening will be quarterly results from Apple and Amazon. These tech giants, whose corporate earnings traditionally grab maximum attention, will summarize the state of the tech sector and online retail. Coinbase and MicroStrategy will also present their figures, important for the cryptocurrency market, with data from AMC (the cinema chain) expected – interesting indicators of consumer activity.

Commentary: On Thursday, Asia sets the tone – the Chinese PMI will show how the largest manufacturing power is handling external and internal challenges, while the Bank of Japan's decision will influence investor sentiment toward emerging markets. European data on inflation and employment will help assess ECB policy prospects. Against this backdrop, the day’s corporate results are highly significant: morning reports from Mastercard and other companies in services and pharma will signal consumer spending habits and health status (via pharma companies' profits). In the evening, Apple and Amazon take the stage – their sales figures, particularly forecasts for product and service demand, may rattle the markets. Investors will scrutinize reports from these flagship companies, as their results can affect broad stock market dynamics not only in the U.S. but globally.

Friday, August 1, 2025

Major Economic Events:

• 04:00 (China): Caixin PMI business activity index (manufacturing, July). An alternative measure to assess China's industrial state, focused on the private sector and small-to-medium businesses.
• 12:00 (Eurozone): Preliminary Consumer Price Index (inflation, July). Another important inflation indicator in Europe – deviation from the ECB's target may affect rate expectations.
• 15:30 (USA): U.S. Labor Department report for July: Non-Farm Payrolls (new jobs outside of agriculture), unemployment rate, and average hourly earnings growth. Key labor market indicators. Moderate job growth is expected (~100k) with stable unemployment – actual figures may significantly shake markets on the last trading day of the week.
• 17:00 (USA): ISM Manufacturing PMI (July) and final S&P Global PMI assessment for U.S. manufacturing. The week’s concluding data on the manufacturing sector: will indicate if production continues feeling pressure or if improvements are emerging.
• 17:00 (USA): University of Michigan Consumer Sentiment Index (final assessment for July). Reflects consumer mood at the end of the month and their economic expectations.

Corporate Earnings:

• Before Market Open: ExxonMobil, Chevron, Colgate-Palmolive, Moderna. Friday morning's reports focus on traditional sectors: two oil and gas giants (Exxon and Chevron) will present results against the backdrop of fluctuating oil prices, while consumer brand Colgate-Palmolive will report on demand for everyday necessities. The biotech company Moderna will also share its metrics, providing insights into post-pandemic trends.
• After Market Close: No significant reports are scheduled (Friday evenings are typically free of major releases).

Commentary: The final day of the week will provide investors with ample food for thought. In the morning, oil producers will take center stage: financial results from ExxonMobil and Chevron will reveal how commodity price swings affect profitability in the energy sector. Simultaneously, the report from Colgate-Palmolive will serve as a barometer of consumer demand in developed markets. The main event of the day, however, will be the release of data on the American labor market – unemployment and employment dynamics for July. This is the culmination of all the week’s economic events: a strong report will bolster confidence in a “soft landing” for the U.S. economy, while weak figures will intensify recession talks. The week will conclude with PMI indices for the manufacturing sector – both in the U.S. and the global composite PMI – providing a final chord in evaluating business activity at the month’s crossover.

Conclusion: Weekly Summary for Investors

The week of July 28 to August 1, 2025 combines a whirlwind of macroeconomic releases with the peak of the corporate earnings season. Investors from the CIS and around the world will seek answers to key questions: will the Fed maintain its rate and a restrained rhetoric (crucial for money costs and company valuations), will the U.S. economy demonstrate a strong labor market despite easing inflation, what are the prospects for the global industrial sector as indicated by PMI, and will corporate earnings meet high market expectations? Reports from mega-corporations (from tech FAANG to oil majors) will show where revenue and profit growth persists and where pressures are felt. By the end of the week, investors will have a comprehensive picture: these five days will undoubtedly help adjust projections for stock trends and set the sentiment for August. In an environment of heightened uncertainty, markets may react volatility; however, a careful analysis of all the aforementioned events will provide the opportunity to evaluate risks and opportunities in a timely manner and adjust investment strategies accordingly.