In the coming days, corporate earnings reports will be hitting investors at full speed, with numerous companies scheduled to release their financial statements. Among them will be giants Alphabet and Tesla, followed by Deutsche Bank, Nestle, Mercedes-Benz, and many others.
In data, traders will be keeping an eye on various PMI prints coming from the Eurozone, the United Kingdom, and the United States. In the US alone, reports on the country's gross domestic product, jobless claims, and durable goods orders will also be released. Meanwhile, the People's Bank of China (PBoC) is expected to announce its latest monetary policy decision on the loan prime rate (LPR).
In politics, Israeli Prime Minister Benjamin Netanyahu will be paying a visit to Washington, where he is expected to meet US President Joe Biden on July 23 and address Congress on July 24. All eyes remain glued to the conflict between Israel and militant groups in the Middle East, as the latest fire exchange with Yemen's Houthis raised concerns over the potential escalation of the conflict. Furthermore, as Biden just announced he is leaving the 2024 presidential race and will be endorsing Vice President Kamala Harris, a chaotic week lies ahead for the Democrats.
Finally, in technology, one of the biggest Bitcoin conferences in the world, the Bitcoin 2024 conference in Nashville, Tennessee, will be taking place from July 25 to July 27, with former United States President Donald Trump and another presidential candidate, Robert F. Kennedy Jr., set to address the audience there.
