TSMC earnings and Fed Chair Warsh’s first hearing drive next‑week market outlook

Global investors are focusing on two key events next week. In the United States, newly appointed Federal Reserve chair Kevin Warsh will deliver his first Congressional testimony, while June CPI data and other inflation indicators are due. Major U.S. banks such as JPMorgan Chase, Bank of America and Citigroup will report earnings, and Netflix is slated to release its quarterly results, providing further cues on consumer spending and credit conditions.

In Taiwan, semiconductor leader TSMC postponed its June revenue release to July 13 because of a typhoon and will hold its second‑quarter earnings conference on July 16. Analysts expect revenue of $39‑$40.2 billion and will look for guidance on advanced‑process demand, AI‑related growth and capital‑expenditure plans. The combined impact of the Fed chair’s testimony, inflation data and TSMC’s results is expected to shape market direction in the week ahead.