Economic Calendar Summary - July 28, 2026

Market Overview

The beginning of the week was marked by significant developments in the Middle East, but attention is now shifting towards corporate earnings and central bank meetings. Key earnings reports are expected from major companies such as Microsoft, Meta, Apple, and Amazon later in the week, while interest rate decisions from the Federal Reserve (Fed), Bank of England (BoE), and Bank of Japan (BoJ) are also on the horizon.

Key Economic Reports

Upcoming Reports

• PayPal, Coca-Cola, Boeing, UPS, Corning, S&P, and Unilever before market open.
• Visa, Bloom Energy, Seagate, Waste Management, KLA, and Ford after market close.

Macroeconomic Data

Significant macroeconomic data points are limited this week, with a focus on the API report on crude oil inventory changes scheduled for 9:30 PM.

Global Economic Indicators

Germany

The Ifo business climate index in Germany rose to 86.6, indicating improved business expectations due to stronger demand and the resolution of supply chain issues, despite ongoing uncertainties in the Persian Gulf.

United States

Durable goods orders in the U.S. increased by 0.3% month-on-month in June, falling short of the anticipated 2.5% rebound. The slower growth is attributed to weaker demand in the transport sector, although core capital goods orders showed resilience, driven by increased spending on AI-related components.

Central Bank Meetings

The Fed is expected to maintain a hawkish stance during its meeting on Wednesday, with no changes in interest rates anticipated. Similar expectations are held for the BoE and BoJ meetings later in the week.

Market Focus

Crude Oil

Reports of a halt in hostilities between the U.S. and Iran have led to significant price declines in energy commodities. Discussions between Iran and Oman aim to establish maritime traffic mechanisms in the Strait of Hormuz, although vessel traffic remains severely restricted.

US500 Index

The US500 index ended Monday nearly unchanged, supported by lower oil prices but hindered by poor performance in the semiconductor sector. Key corporate earnings reports are anticipated to influence market sentiment.

EUR/USD

The EUR/USD pair remains sensitive to market sentiment, fluctuating around the 1.137 level, with key developments expected from the upcoming conference by Chair Warsh.