Next week's major agenda: ECB interest rate decision; earnings reports from Google, Tesla, IBM, Intel, and CATL.

07/19 - 07/27 Weekly Major Financial Events Overview, all times are Beijing Time: Key focuses for next week: In monetary policy, the ECB interest rate decision is the biggest macro anchor of the week. The market generally expects the ECB to hold steady, and President Lagarde's press conference afterward should be watched for her latest comments on the inflation path. Earnings season intensifies, with technology and new energy sectors both in the spotlight. Four major US tech giants—Google, Tesla, Intel, and IBM—will reveal their results, providing a comprehensive test of AI computing demand, progress in autonomous driving, and recovery in traditional chips. CATL's earnings will be a core indicator for the domestic new energy supply chain. Intensive AI industry catalysts are landing. The AMD "Advancing AI" conference will be held, and Lisa Su's speech may bring product and roadmap updates. The full version of DeepSeek V4 is expected to launch during the week, along with the closing of WAIC, potentially sparking a new round of resonance in the domestic AI narrative. In addition, the International Low Altitude Economy Expo will be held in Shanghai. This is the first large-scale industry expo since low altitude economy was included in the "15th Five-Year Plan" and the new Civil Aviation Law took effect on July 1. In addition, major domestic meetings are expected to take place in late July. Andy Burnham is expected to be sworn in as Prime Minister on July 20th, becoming the seventh Prime Minister since the UK's 2016 Brexit referendum. On the same day, Spain and Argentina will play the World Cup final in New Jersey, deciding the 2026 world champion. South Korea will release export data for the first 20 days of July on July 21st, providing early signals for global semiconductor and trade sentiment. Economic Indicators - ECB Interest Rate Decision The ECB will announce its interest rate decision on July 23, followed by a monetary policy press conference with President Lagarde. The market generally expects rates to remain unchanged. Bloomberg Industry Research points out that slowing inflation in the eurozone in June eliminated the need for an emergency rate hike, but high commodity prices mean a rate hike in September is still possible. Additionally, central banks of Russia, South Africa, Turkey, and Indonesia will announce their latest rate decisions next week. - China LPR China’s latest LPR data will be released on July 20. As of June this year, China’s LPR has remained unchanged for 13 consecutive months, with the 5-year LPR at 3.5% and 1-year at 3%. - Japan June CPI, Korea Imports/Exports & GDP, US S&P Global Manufacturing PMI Japan will release June national CPI data on July 24. The market expects core CPI to rise 1.5% year-over-year, up from 1.4%, mainly driven by higher energy prices. Korea will release export data for the first 20 days of July on July 21 and Q2 GDP preliminary data on July 23. Bloomberg expects GDP to grow 0.4% quarter-on-quarter, a sharp slowdown from 1.8%. While AI semiconductor demand remains strong, capacity limits constrain chip export volume. The US will release July S&P Global Manufacturing PMI preliminary data on July 24, providing an early look at monthly economic conditions. Earnings: Google, Tesla, IBM, Texas Instruments, Intel, CATL Google, Tesla, IBM, and Texas Instruments will release earnings after the US market close on July 22, Intel on July 23 after market close, and China's CATL on July 24. The market's focus is on Google Cloud's growth and AI monetization, Tesla’s margin recovery, Intel’s foundry business progress, and CATL’s profitability amid overseas expansion. Recently, IBM’s board chose to issue an early warning for Q2 results, and the CEO openly admitted, "We made mistakes this quarter," causing the stock to plummet 25%. Evercore ISI analysts believe whether the full-year guidance will be further downgraded will decide if the software segment faces a second wave of selloffs. Google, Tesla, IBM, Texas Instruments Conference Call Times - Intel Q2 earnings will be released after US market close on July 23, conference call at 5:00 Beijing Time on July 24. - IBM Q2 earnings after US market close on July 22 (5:00 Beijing Time on July 23), conference call usually half an hour after earnings. - Texas Instruments Q2 earnings after US market close on July 22, conference call at 4:30 Beijing Time on July 23. - Tesla Q2 earnings after US market close on July 22, conference call at 5:30 Beijing Time on July 23. - Google Q2 earnings after US market close on July 22, conference call at 4:30 Beijing Time on July 23. Domestic A/H Shares: CATL, Hikvision, and other companies to release results Financial Events - CCP Politburo Meeting usually held in late July (TBD Event) Politburo meetings in July are generally held in late July. Tianfeng Securities expects the July Politburo meeting might set the tone for implementing more active fiscal policy and moderately accommodative monetary policy, further strengthening fiscal-monetary coordination, "China-led," to deal with potential "Trump uncertainty" and upgraded overseas geopolitical risks, striving for a good start to the "15th Five-Year Plan." - DeepSeek V4 Full Version Scheduled for Mid-July Launch (All-week Event) On June 29, the DeepSeek team announced that DeepSeek V4’s full version is planned for mid-July, introducing a peak-valley pricing strategy. From 09:00-12:00 and 14:00-18:00 are peak times, API prices double, while off-peak periods remain at current prices. - Changxin Technology expected to list in late July Changxin Technology had its IPO on July 16 and is expected to formally list on the Sci-Tech Innovation Board in late July. - AMD Advancing AI Conference, CEO Lisa Su Speech The 2026 AMD Advancing AI conference will be held July 22-23 in San Francisco, USA. CEO Lisa Su will deliver the keynote speech at 00:30 Beijing Time on July 24. The conference will focus on AI infrastructure and developer ecosystems, with highlights including details on the Zen 6 processor architecture and next-generation AI products. - 2026 International Low Altitude Economy Expo July 22-25 The 2026 International Low Altitude Economy Expo will be held in Shanghai July 22-25. This is the first large-scale expo since low altitude economy was included in the "15th Five-Year Plan" and the new Civil Aviation Law took effect on July 1. In the eVTOL sector, star companies including Volant Aviation, Time Technology, VoloFly, ApexAir, and Yufeng Future will unveil new eVTOL aircraft; in the drone sector, DJI Enterprise, Meituan Drone, Fengyi Technology, and other leading firms will participate. - WAIC World Artificial Intelligence Conference · Closing Day The 2026 WAIC (World Artificial Intelligence Conference) and the global AI governance summit will be held in Shanghai July 17-20. The closing day's main agenda on July 20 includes: 09:00-10:00 WAIC·Thinkers Forum Li Kaifu Special; 09:00-12:00 NetEase Intelligence·Building New Enterprise Productivity with Trustworthy AI Forum, etc. - Shanghai Nuclear Energy Sustainable Development Conference, 2026 China Automotive Forum The 2026 Shanghai Nuclear Energy Sustainable Development Conference will be held at the National Exhibition and Convention Center (Shanghai) July 22-24. The 2026 China Automotive Forum will be held in Jiading, Shanghai, July 21-23. - World Cup Final The 2026 World Cup final will be held on July 19 (03:00 Beijing Time on July 20) at MetLife Stadium in New York, USA. Spain and Argentina will compete in New Jersey for the 2026 world championship. - Burnham Secures UK Prime Minister Role, Expected to Take Office July 20 According to CCTV International cited UK media on July 13, Andy Burnham, an MP in the UK House of Commons, has received nominations from 349 Labour MPs and has essentially secured the party leader position. He is expected to become UK Prime Minister on July 20. - Trump to attend White House Correspondents’ Dinner US President Trump said the White House Correspondents’ Dinner has been rescheduled for July 24 and he has accepted the invitation and plans to attend. - "Gravity No.1" Launch Vehicle expected to launch at sea on July 22 According to Securities Times, the "Gravity No.1" Yao-4 launch vehicle, assembled at Haiyang Oriental Spaceport, is expected to execute a sea satellite launch mission in the eastern Shanghai sea area aboard the "Oriental Spaceport" vessel on July 22. - Samsung Galaxy Global New Product Launch Samsung Electronics will release its new Galaxy Watch on July 22. - Yuejiang Technology IPO to be reviewed by ChiNext on July 22 According to Shenzhen Stock Exchange website, the 45th listing review meeting of 2026 will be held on July 22 to review Shenzhen Yuejiang Technology Co., Ltd's IPO application. - Other corporate news: Shenghong Shares, Aicosai Technology price increases Aicosai: Prices for test power supplies, specialty power supplies, and all power quality products will be raised by 5%-10%. Shenghong Shares has decided to raise prices uniformly by 10%-30% on all company products including power quality, charging/swap equipment, energy storage microgrids, battery formation and testing, and home storage starting July 21, 2026. Orders already signed and confirmed will not be retroactively adjusted. Risk Warning & Disclaimer The market involves risks; investing requires caution. This article does not constitute personal investment advice and did not take into account individual users’ specific investment goals, financial circumstances, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situations. Investment decisions based on this article are at your own risk.