Week Ahead: Tariff Tension, ECB Pause, and PMI Pulse — Global Markets Brace for a Policy-Heavy Stretch
1. Tariffs Dominate the Airwaves
Financial markets open the week laser-focused on U.S. President Donald Trump’s looming August 1 tariff switch…
2. ECB in the Spotlight — Hold, but How Hawkish?
Thursday’s European Central Bank meeting is expected to keep the deposit rate frozen at 2 %…
3. Flash PMIs: First Glimpse of July Damage
Preliminary July PMIs for the euro zone, United Kingdom, United States, and Japan land on Thursday…
4. Powell Speaks (Under a Gag Order)
Fed Chair Jerome Powell appears on Tuesday for a prescheduled university address…
5. U.S. Macro Flow: Housing and Orders
The data docket is a slow burn…
6. Tokyo on Holiday, Yet Yen in Play
Japan’s MarineDay break delays cash trading reaction to Sunday’s upper-house election…
7. Sterling’s Data Gauntlet
The pound enters the week bruised by a record July drop in asking-house prices…
8. Antipodean Central-Bank Tea Leaves
Minutes from the Reserve Bank of Australia’s July “on-hold” decision land early Tuesday…
9. China–EU Summit: Diplomatic Theatre with Trade Undertones
Thursday’s meeting between European Commission heavyweights and President Xi Jinping…
10. Asset-Class Playbook
FX: Expect EUR/USD to ping-pong between 1.1550 and 1.1700 around PMIs and the ECB…
Bottom Line
Markets step into late-July with headline risk turned to maximum…
