The biggest market events this week are linked to the state of the U.S. economy. The most significant day is Tuesday, when the nation's largest banks — JPMorgan, Bank of America, and Citigroup, along with Wells Fargo and Goldman Sachs — kick off the second-quarter earnings season. Additionally, the June consumer price index (CPI) report is due out on the same day.
Bank earnings are crucial as they provide real-time commentary on the economy. Wells Fargo and Goldman Sachs will report their earnings on Tuesday morning.
Johnson & Johnson will also release its earnings, and the economic calendar includes other important reports, such as the producer price index (PPI).
Other economic data expected this week will help understand where consumers are spending their money:
