Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 21, 2025. <\/p>\n
Brendan McDermid | Reuters<\/p>\n
Choose a front-row seat and grab your popcorn. These five days will basically be the Olympics for market watchers<\/a>:<\/p>\n Meta Platforms<\/a>, Microsoft<\/a>, Amazon<\/a> and Apple<\/a> are reporting earnings.The U.S. Federal Reserve’s rate-setting committee is meeting.The personal consumption expenditures price index, the Fed’s preferred inflation reading, comes out.U.S. jobs data for July will be released.<\/p>\n And looming over all those financial and macroeconomic events is U.S. President Donald Trump’s August 1 deadline for his new tariffs.<\/p>\n As Kim Forrest, founder at Bokeh Capital, said, “What isn’t happening in this week?”<\/p>\n Here’s the ideal scenario for investors.<\/p>\n The Magnificent Seven companies reporting earnings this week and the U.S. economy secure gold at their respective events. (The Fed is expected to keep rates unchanged \u2014 whether this qualifies the central bank for a medal is up for debate).<\/p>\n Big trading partners of the U.S., such as South Korea and India, secure a deal with the White House and join the European Union<\/a> and Japan<\/a> at the podium, while Beijing extends its tariff suspension with Washington<\/a>.<\/p>\n If those events happen, U.S. stocks will probably have legs clear hurdle after hurdle \u2014 and the S&P 500 can continue topping record tables.<\/p>\n \u2014 CNBC’s Sarah Min contributed to this report<\/p>\n What you need to know today<\/p>\n Trump announces a trade agreement with the European Union. Most European goods, including cars, exported to the U.S. will face a 15% tariff<\/a>, Trump said Sunday. The bloc also agreed to purchase $750 billion worth of U.S. energy, he added.<\/p>\n Samsung inks a $16.5 billion contract with Tesla. While the South Korean firm didn’t disclose the counterparty in its regulatory filing, Tesla CEO Elon Musk confirmed<\/a> that it will manufacture the automaker’s “next-generation AI6 chip.”<\/a><\/p>\n Perfect week for the S&P 500. The broad-based index rose Friday to close at a high \u2014 its fifth record in a row<\/a> last week. The Nasdaq Composite<\/a> and Dow Jones Industrial Average<\/a> also advanced. Asia-Pacific shares were mixed<\/a> Monday.<\/p>\n The Fed is ready to start lowering rates, Trump said. On Friday, the U.S. president said Fed Chair Jerome Powell told him “the country is doing well,” which Trump took to mean “he’s going to start recommending lower rates<\/a>.” Futures markets disagree<\/a>.<\/p>\n [PRO] Winners of Hong Kong’s crypto framework. The island’s bill, which takes effect Friday, formalizes the process for financial companies to issue and manage stablecoins. Two online brokerages<\/a> which offer crypto trading stand to benefit, analysts said.<\/p>\n