Next week’s macro outlook: accelerating earnings season and the European Central Bank interest rate decision

Next week, there will be no US interest rate meetings affecting the market, but important data will be released and earnings season will accelerate, with dozens of companies set to announce their Q2 results. On Monday at 22:00 (UTC+8), the US June Conference Board Leading Index monthly rate will be published; on Tuesday at 20:15 (UTC+8), the US ADP Employment Change for the week ending July 4 will be released; on Wednesday after the US market close, Alphabet, Tesla, AT&T, IBM, and Texas Instruments will announce earnings; on Thursday after the US market close, Intel will release its earnings report; on Thursday at 20:15 (UTC+8), the European Central Bank will publish its interest rate decision; and on Thursday at 20:45 (UTC+8), ECB President Lagarde will hold a monetary policy press conference.