G20 meetings take place this week against a backdrop of growing angst about the health of the global economy. Earnings season gets into full stride on Wall Street with reports from Tesla and Netflix among the highlights. China growth figures and US retail sales are among the main economic releases.

Here are the week’s key events:

Monday

A bunch of data from China kicks off a very busy week for global markets. GDP, industrial production and retail sales figures from the world’s second largest economy are in focus amid worries that domestic demand is waning. Retail sales grew at 12.7% in May, cooling from 18.4% in April, whilst industrial output growth declined to 3.5% from 5.6% in the prior month. Later we hear from ECB chief Christine Lagarde and traders will pay attention to the latest Empire State manufacturing index, which rebounded sharply a month ago.

Tuesday

Monetary policy meeting minutes from the last Reserve Bank of Australia meeting are due up. Last week RBA governor Lowe signalled more tightening could be required, suggesting August is going to be a live meeting. Canadian inflation data will lend support to the Bank of Canada’s decision to raise rates ahead of the day’s main event – US retail sales. Four weeks ago data for May showed retail sales rose 0.3 percent from April to $686.6 billion, ahead of analyst expectations. Details of US industrial production, which contracted for the first time this year, are also due.

Earnings: Bank of America (BAC), Morgan Stanley (MS)

Wednesday

Markets increasingly expect the Bank of England to raise rates by 50bps again in August as inflation remains so far above target. Headline CPI inflation remained at 8.7% in May, refusing to come down as expected, whilst the core reading jumped even higher, rising from 6.8% to 7.1%, the highest since 1992. Telsa earnings and impact of price cuts on margins and profits in focus after is delivered 466,140 cars – a quarterly record and 83% ahead of last year.

Earnings: Goldman Sachs (GS), Netflix (NFLX), Tesla (TSLA)

Thursday

A first look at the fast-moving consumer goods sector with earnings from JNJ – big pricing power was evident in the sector last quarter so we look to see whether this continues, and whether volume is still slowing. Elsewhere the focus is on weekly unemployment claims data from the US, existing homes sales and the latest Philly Fed manufacturing index, which last time declined from a reading of -10.4 in May to -13.7 in June.

Earnings: Johnson & Johnson (JNJ), Philip Morris (PM)

Friday

Some interesting reports today – first up the UK consumer confidence survey, which has risen to its best in a year but could come under pressure from rising interest rates. UK retail sales will provide a further clue to the health of the British consumer. Japan’s national core CPI inflation report will be eyed for another nudge for the Bank of Japan to end its ultra-loose monetary policy. Later on, we get Canadian retail sales and perhaps a bit of a tell regards business travel and consumer spending with earnings from American Express.

Earnings: American Express (AXP), SLB (SLB)