5 world market themes for the week ahead

A packed week ahead features TSMC's Q2 earnings on Thursday amid intense scrutiny on AI demand, the kickoff of US banking earnings with JPMorgan and Goldman Sachs reporting on Tuesday, and key US inflation data including June CPI. Oil briefly topped $80 a barrel after US President Trump declared the Iran interim ceasefire is over, stoking inflation worries through the Strait of Hormuz risk. Chinese trade data, Fed Chair Kevin Warsh's first congressional testimony on monetary policy, and a broader US earnings slate including Netflix and BlackRock round out the major catalysts.