Hot Topics Preview: US CPI and Beige Book Release

Huitong Network, July 10—— Preview of data hotspots for next week (July 13-17).

Next week (July 13-17), the global markets will see an intensive release of key economic data and statements from central bank officials across several countries. Core data regarding inflation, growth, and employment will be disclosed intensively, coupled with updates on crude oil and commodity position data. Multiple variables intertwining may trigger volatility in global equities, commodities, and forex markets. From core economic data out of China and the US, to central bank policy statements in various countries, from crude oil inventory reports to updates on market inflation expectations, every key signal will adjust market trading expectations, containing risks for short-term trading and opportunities for structural positioning. Investors need to identify the core variables in advance and manage their positions accordingly.

Inflation Expectation Update, Commodity Position Disclosure, Early Week Sets Tone

On Monday (July 13), the New York Fed will release 1-3 year inflation expectations. Compared with the trend of treasury yields, this can precisely determine the direction of real interest rate changes. At present, real rates continue to rise, which will continue to impact pricing of stocks, bonds, and gold assets.

Meanwhile, OPEC will publish its monthly crude oil report, detailing the global crude oil supply and demand landscape. US CFTC position data will also be updated, allowing traders to directly observe the capital flow in major commodities such as gold, crude oil, and agricultural products, identifying main capital trading preferences.

China Leads in Exports, US Inflation Takes the Spotlight, Central Bank Hearings Send Signals

Tuesday (July 14) , with electronic products being a core export for the AI hardware supply chain; its performance may significantly impact the AI sector's short-term equity movements.

Subsequently, the US will publish the weekly ADP employment data, , serving as the key metrics most discussed in recent Fed policy settings. These will directly reshape market rates and rate-cut expectations.

On the policy side, early morning Fed governor Waller will deliver a speech, and later in the evening, Fed Vice , providing the latest monetary policy direction.

Major Domestic Data Releases, Bank of Canada Rate Decision Incoming

Wednesday (July 15), for the crude oil market, the US EIA and API will release oil inventory data successively, directly affecting short-term oil price fluctuations.

China will publish , collectively reflecting the strength of domestic economic recovery and real-sector vitality.

The US will publish PPI growth and the New York Fed Manufacturing Index, which measure US industrial inflation pressures and manufacturing health;



Additionally, , releasing monetary policy signals from multiple countries.

US “Terrifying Data” Released, Fed Beige Book Reviews Market

Thursday (July 16), US consumption and employment data will be released collectively, with the highly anticipated US June retail sales data .

At the same time, the US will publish the initial and continuing jobless claims for the week, further confirming labor market strength or weakness.

On the policy front, , offering basis for subsequent policy adjustments. Later in the session, the 2028 voting member and hawkish St. Louis Fed President Musalem will speak.

Eurozone Inflation Finishes, Several Fed Officials Speak Intensively

Friday (July 17)

In the US, On the policy front, the 2026 FOMC voting member, Dallas Fed President Logan will speak, and Fed Vice Chair Jefferson will also make public remarks on the current economy and monetary policy, concluding this week’s policy signals.

Risk Warning: Core Data and Policy Variables Must Be Closely Watched

In addition to core economic data and central bank communications, investors should also be wary of several potential trading risks: First, global inflation data repeatedly exceeding or falling short of expectations will directly alter Fed and ECB monetary policy outlooks, triggering rapid pullbacks in stocks, bonds, and commodities;

Second, speeches by multiple central bank officials could indicate policy shifts or changes between hawkish and dovish stances, easily causing short-term volatility in forex and equity assets;

Fourth, significant changes in oil supply-demand data and global commodity fund positions will disturb commodity markets and energy-related sectors;