Key Events to Watch This Week: CPI Showdown on Wednesday, Solar Panel Stocks Reporting Earnings in Rapid Succession to Validate AI Market Momentum

August 10th. Following last week's unexpected cold US employment data, which cooled down rate hike expectations, the market will closely watch the US July CPI and PPI data released on Wednesday this week. This data will further clarify the Fed's future decisions. In addition, US stock leaders in optoelectronics, Lumentum and Coherent, as well as mining infrastructure CoreWeave, will intensively release their earnings this week, wrapping up the semiconductor earnings season.

Key events next week are as follows:

Monday

Bank of Japan will release the summary of the July monetary policy meeting deliberation;

Yushu Technology will begin IPO subscription, with an IPO price of ¥150.8 per share, planning to issue 40.4464 million shares on the Sci-Tech Innovation Board, accounting for 10% of the post-issue total share capital; One lot consists of 500 shares, and the subscription payment for one lot is approximately ¥75,400.

Tuesday

ADP Employment Report for the week ending July 25th in the US;

Wednesday

Earnings calls for optoelectronics leader Lumentum and AI hashrate leasing leader CoreWeave (post-market on Tuesday);

US July CPI and Core CPI;

US Crude Oil Inventories for the week ending August 7th;

Thursday

Cisco (CSCO) earnings call at 4:30 am (UTC+8) (post-market on Wednesday), Coherent will also release its earnings on the same day;

US Initial Jobless Claims for the week ending August 8th, US July PPI;

Speeches by 2026 FOMC voter and Cleveland Fed President Harker;

Speeches by 2027 FOMC voter and Richmond Fed President Barkin on the economic outlook;

Friday

Applied Materials (AMAT) earnings call at 4:30 am (UTC+8) (post-market on Thursday);

US July Retail Sales MoM;

US August University of Michigan Consumer Sentiment Index preliminary value, one-year inflation rate expectation preliminary value, June Business Inventories MoM.