JPM US Market Intelligence Macro Week Ahead

MACRO WEEK AHEAD: WEEK OF AUGUST 10, 2026

US CALENDAR ECONOMICS • AUG 10 – N/A • AUG 11 – NFIB Small Business Optimism at 6am ET. ADP Weekly Employment Change at 8.15am ET. Existing Home Sales at 10am ET. • AUG 12 – Mortgage Applications at 7am ET. CPI and Real Avg Hourly Earnings at 8.30am ET. Federal Budget Balance at 2pm ET. • AUG 13 – Initial/Continuing Jobless Claims and PPI at 8.30am ET. • AUG 14 – Retail Sales at 8.30am ET. U. of Mich. Sentiment/Expectations at 10am ET. Business Inventories at 10am ET.

EARNINGS • AUG 10 – AAON, ASTS, AXSM, BBIO, BKD, DJT, FERG, HIMS, KEEL, RKLB, SPG • AUG 11 – CAVA, CRWV, EROC, IMXI, KPTI, LEGN, LITE, NN, QNT, SMCI, USAR, VG • AUG 12 – CBRS, COHR, CSCO, EAT, EQPT, ERAS, FRVO, INFQ, LQDA, REZI, WYFI • AUG 13 – ADIG, AMAT, AMIX, CAPR, FIGR, FPS, FRMI, LGN, LUNR, MWH, OBX, ONDS, SOC, TPR, XE, YSS • AUG 14 – CELC, FBRX, MANE, MOVE, MPLT, QXO, TE

GLOBAL CALENDAR • AUG 9 [SUNDAY] – (Japan) BoP Current Account Balance and Trade Balance BoP Basis at 7:50pm ET. • AUG 10 – N/A • AUG 11 – (Japan) Money Stock M2 and Money Stock M3 at 7:50pm ET. • • AUG 12 – (Germany) CPI (revision) at 2am ET. (Japan) PPI at 7:50pm ET. (UK) RICS House Price Balance at 7:01pm ET. • AUG 13 – (UK) GDP, Private Consumption, Industrial Production at 2am ET. (Eurozone) IP at 5am ET. (Japan) Japan Buying Foreign Bonds at 7:50pm ET.

• AUG 14 – (France) CPI (revision) at 2:45am ET. (Eurozone) GDP SA and Employment at 5am ET. (Canada) Mfg Sales at 8:30am ET.

NEAR TERM CATALYSTS – CPI (Aug 12, Sep 11, Oct 14), ISM-Mfg (Sep 1, Oct 1), ISM-Srvcs (Sep 3, Oct 5), PMI-Mfg and PMI-Srvcs (Aug 21, Sep 23, Oct 23), NFP (Sep 4, Oct 2), PCE (Aug 26, Sep 30, Oct 29), Retail Sales (Aug 14, Sep 16, Oct 15). FED DATES: Sep 16, Oct 28, Dec 9

AI / TECH CATALYSTS • JULY (Delayed; TBD) – Google Gemini 3.5 Pro Launch. • AUG – Z.AI's GLM 5.5 release. • AUG 12 – Made by Google Hardware Launch (Pixel 11). • SEP 13-15 – All-In Summit 2026 (LA, California). • SEP 23-24 – META Connect. • SEP (TBD) – Alibaba Apsara Conference. • NOV 30 – DEC 4 – AWS re:Invent.

POLITICAL CATALYSTS • SEP – US and China will hold AI talk (RTRS). • SEP 24 – Xi’s potential visit to the US (BBG). • OCT 4 – Brazil General Election. • NOV 1 – Expiration of the one-year trade truce agreement between Trump and Xi. • NOV 3 – US Mid-term Election. • NOV 18-19 – APEC Economic Leaders Meeting (Shenzhen, China). • DEC 15-16 – G20 Summit in Miami (here)