Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
This week is less risk heavy in terms of scheduled data and events, except for the upcoming French election.
What to watch for over the coming days:
- Key economic data:
Not many key economic dockets scheduled for release this week, except for Housing market data from the US on Tuesday and Friday, Eurozone CPI on Wednesday, and UK retail sales report on Friday.
- US earnings:
68 companies from the S&P 500 are scheduled to report the first-quarter earnings this week. Big names include Bank of America, Goldman Sachs, Netflix, Harley-Davidson, Yahoo, Johnson & Johnson and US Bancorp.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in Korean peninsula are likely to keep influencing the market. The biggest of all events are scheduled for next Sunday when the French will head to polling stations in the first round of the election.
