​5 global market themes investors will track this week

Global markets enter a crucial week as investors track a packed calendar of corporate earnings, central bank decisions and key economic data. Developments in the U.S., Europe, the UK and Asia are expected to shape market sentiment, while the football tournament finale could also provide a boost to consumer-related businesses. (Sources: Reuters)

The European Central Bank is widely expected to leave interest rates unchanged after its previous hike. Investors will closely watch President Christine Lagarde's commentary for clues on the policy outlook, particularly whether the ECB remains on track for another rate increase in September as markets currently expect.

Earnings season gathers momentum with Alphabet becoming the first major hyperscaler to report results. Investors will focus on the company's AI-related capital expenditure plans, while earnings from Tesla, Intel and American Express will also be watched closely. According to LSEG IBES data, S&P 500 companies are expected to post earnings growth of about 25.7% from a year earlier.

Markets will assess the policy direction of the UK's new government under Prime Minister Andy Burnham and the appointment of a new finance minister. In Asia, Indonesia is expected to raise interest rates, while China will announce its loan prime rate and Japan will release trade, inflation and PMI data, providing fresh insights into the region's economic health.

The tournament final between Argentina and Spain generated strong business activity across sectors such as travel, hospitality, sportswear and beverages. Consumer spending linked to the event has supported sales for several global companies.