Hua Er Jie Jian Wen·2025-07-30 00:14Group 1 - The core viewpoint of the articles highlights the critical upcoming week for global markets, driven by significant U.S. economic data releases, earnings reports from major tech companies, and key trade policy developments [1][2]. - The U.S. is set to release its Q2 GDP data, with an expected annualized growth rate of approximately 2.9%, influenced by a decline in imports [3]. - The Federal Reserve is anticipated to maintain the interest rate range at 4.25% to 4.5%, despite calls for rate cuts from President Trump [3]. Group 2 - Major tech companies, including Microsoft, Meta, Apple, and Amazon, are scheduled to report their earnings, with a combined market capitalization exceeding $11 trillion, making their performance crucial for market sentiment [4]. - The S&P 500 index has risen by 8.3% this year, with a forward P/E ratio of 22, raising concerns about the sustainability of current valuations amid the earnings reports [4]. - The deadline for Trump's tariffs on countries without trade agreements is set for August 1, adding uncertainty to the trade landscape [5][6]. Group 3 - The upcoming Chinese Politburo meeting is a focal point for investors, with expectations for discussions on economic stability, real estate policies, and consumption stimulation [6]. - Analysts anticipate that the meeting will address the recent weakening of high-frequency economic data and the need for policies to stabilize the real estate market [6]. - The meeting may also clarify the government's stance on "de-involution" and capacity reduction policies, as well as the continuation of fiscal and monetary policies established since April [6].