U.S. CPI, China Q2 GDP, and Bank Earnings Drive Markets This Week

According to LSEG and market analysts, this week (July 14-17) will feature critical economic data and corporate earnings that could reshape market expectations. On Tuesday, July 14, the U.S. June consumer price index (CPI) will be released, followed by the producer price index (PPI) on Wednesday and retail sales data on Thursday. Ameriprise's chief market strategist Anthony Saglimbene noted that higher-than-expected inflation data could signal sustained elevated inflation through year-end, raising interest rate expectations.

China's second-quarter GDP—expected to slow to 4.5% year-over-year from 5% in Q1—will be released Wednesday alongside June industrial production and retail sales figures. Meanwhile, JPMorgan and Goldman Sachs will kick off the U.S. earnings season on Tuesday, with S&P 500 companies expected to post 23.7% year-over-year profit growth in Q2. South Korea's central bank is expected to raise rates by 25 basis points Thursday, while Canada's central bank decisions arrive Wednesday.