Top developments that could move global markets this week

Global markets face a busy week with the second-quarter US earnings season kicking off, led by TSMC on Thursday and major banks including JPMorgan Chase, Goldman Sachs and Morgan Stanley. Investors will track US June consumer and producer inflation data plus retail sales to gauge the Fed rate path, while Fed Chair Kevin Warsh testifies before Congress. China is set to release trade and second-quarter GDP figures, and renewed US-Iran tensions have pushed Brent crude above $80 per barrel, keeping energy prices and inflation expectations volatile.