Next week's important events and data forecasts - China's LPR, Powell's speech, ECB interest rate decision will be released one after another, and technology stock earnings reports will come in succession.

Monday: 1. Data: China's market quoted interest rates for one-year and five-year loans as of July 21; US Leading Economic Indicators for June; China's total installed electricity generation capacity for June year to date; China's total installed electricity generation capacity year-on-year for June year to date; China's total social electricity consumption for June; China's total social electricity consumption year-on-year for June; 2. Events: The State Council Information Office held a series of themed press conferences on "high-quality completion of the 14th Five-Year Plan"; 3. Financial Reports: NXP Semiconductors, etc.; 4. Market holiday: Tokyo Stock Exchange closed for Marine Day. Tuesday: 1. Data: US Richmond Fed Manufacturing Index for July; 2. Events: Reserve Bank of Australia releases minutes of July monetary policy meeting; State Council Information Office holds press conference on foreign exchange receipts and payments data for the first half of 2025; Fed Chair Powell welcomes remarks at a regulatory meeting; 3. Financial Reports: Coca-Cola, General Motors, etc. Wednesday: 1. Data: US API Crude Oil Inventories for the week; Eurozone Consumer Confidence Index flash reading for July; US Existing Home Sales Annualized for June; US EIA Crude Oil Inventories for the week; 2. Events: Fed Governor Bowman hosts fireside chat at a large bank capital framework meeting hosted by the Federal Reserve; President Trump speaks at an event called "Winning the AI Race"; NYMEX New York Crude Oil August futures contract completes final trading on July 23 at 2:30, final electronic trading completes at 5:00; 3. Financial Reports: AT&T, Alphabet, Tesla, IBM, etc. Thursday: 1. Data: China's Swift Renminbi share in global payments for June; US Initial Jobless Claims for the week; US Global Manufacturing and Services PMI flash readings for July; US New Home Sales Annualized for June; US EIA Natural Gas Inventories for the week; 2. Events: Reserve Bank of Australia Governor Brock gives a speech; European Central Bank announces rate decision, President Lagarde holds monetary policy press conference; 3. Financial Reports: Intel, etc. Friday: 1. Data: UK GfK Consumer Confidence Index for July; UK Seasonally Adjusted Retail Sales for June; Germany IFO Business Climate Index for July; US Durable Goods Orders for June; 2. Events: Today there are 200 billion yuan of 1-year Medium-term Lending Facility and 187.5 billion yuan of 7-day reverse repos maturing; President Trump visits Scotland until July 29. Saturday: 1. Data: US Total Oil Rig Count for the week; 2. Events: World Artificial Intelligence Conference from July 26 to 28 at Pudong World Expo Center, Expo Exhibition Hall, Xuhui West Bank, etc. Sunday: 1. Data: China's year-on-year profit margin for industrial enterprises above designated size for June; China's year-on-year profit margin for industrial enterprises above designated size for June.