The upcoming week will see a surge in earnings reports, with major companies like Alphabet, Tesla, and Intel set to announce their Q2 results. Despite the flurry of corporate earnings, there will be no significant US economic data releases that could influence the Federal Open Market Committee's (FOMC) decisions. Key events include the US Conference Board Leading Index for June on Monday and the ECB's interest rate decision on Thursday. Investors are closely monitoring the artificial intelligence sector, where some have begun to anticipate a slowdown in the substantial spending boom. This cautious sentiment could contribute to ongoing bearish trends if signs of a weakening outlook or reduced AI investment emerge.