With the start of the new week, it is good to know what key data figures and events warrant our attention. UK jobless claims are due to be released on Tuesday. The next day brings an entire string of important data: UK GDP and manufacturing production precede Cisco’s Q4 earnings report. Thursday draws the interest with the US weekly jobless claims. We close the business week on Friday with the Chinese retail sales and industrial production figures and US retail sales.
Here are the highlights for the new week, August 3-7. Doubtless, the US employment report will rivet the attention on Friday. Investors and speculators alike will be keenly awaiting to see how the labor market of the world’s biggest economy has been doing recently. Prior to this crucial report, there are other important data pieces to consider. Monday is bringing the global manufacturing PMIs for July. The Reserve bank of Australia is holding its rate meeting on Tuesday. Global PMIs for the services sector are coming out on Wednesday. On the next day, the Bank of England rate meeting is scheduled to take place.
The schedule for this week is busy, so keep abreast of the highlights. This time, we start Wednesday, with Q2 results for UK banks, Facebook Q2 data, as well as the Fed Open Market Committee meeting. On Thursday, EU and Germany’s unemployment data, US second quarter gross domestic product and Apple’s earnings are on the agenda. Friday brings the EU second quarter GDP figures, followed by ExxonMobil Q2 earnings report.
This week in turn has interesting developments to offer. The list starts with Canada’s retail sales on Tuesday. On the next day, the Q4 results of Microsoft are due. Analysts expect to see a revenue boost despite the global coronavirus-induced slump. Also, on Wednesday, Tesla`s Q2 earnings report is keenly awaited by investors. Thursday comes with Twitter results for the second quarter, which are not likely to impress, due to impediments impacting the company. On Friday, Germany, France and the UK PMIs are due, and forecasts favor numbers to indicate further recovery. The UK retail sales are also in the focus in the last business day of the week. We are likely to see a rebound here too, provided the fact that measures are eased, and retail shops have been reverting to normal business.
This week’s outlook is rather rich in events. US banks are reporting their results for Q2 in the first three days of the week. China’s trade balance, due Tuesday, is expected to improve slightly. The UK is releasing its GDP figures on the same day, with most analysts not foreseeing a rebound. China will be back into the spotlights on Thursday, reporting its GDP, industrial production and retail sales figures. While retail sales and industrial production are seen climbing, this is not expected to have a substantial positive impact on the gross domestic product, at least for now. Later on in the day, the ECB rate meeting is not likely to yield any serious surprises. Netflix is going to conclude this busy Thursday with its Q2 report. Finally, we are closing the week with the EU summit on the pandemic recovery fund.
This week’s economic calendar is rich in key economic data figures, which promises to keep market volatility high. We kick off on Tuesday with the UK releasing its GDP numbers for the first quarter. On Wednesday, Germany is scheduled to report the closely watched unemployment data for its economy. On the same day, a whole string of key manufacturing PMIs will give a sign of where global business activity stands at the moment. The US Fed minutes will be released right in the middle of the week too and will provide an important insight about the discussions central bankers have had during their last interest rate meeting. The most important data figures not only for the week but for the entire month are due to be released on Thursday, so watch out for the US June Employment report! Finally, we close the week on Friday with the global services PMIs.
This week’s economic calendar is rich in key economic data figures, which promises to keep market volatility high. We kick off on Tuesday with the UK releasing its GDP numbers for the first quarter. On Wednesday, Germany is scheduled to report the closely watched unemployment data for its economy. On the same day, a whole string of key manufacturing PMIs will give a sign of where global business activity stands at the moment. The US Fed minutes will be released right in the middle of the week too and will provide an important insight about the discussions central bankers have had during their last interest rate meeting. The most important data figures not only for the week but for the entire month are due to be released on Thursday, so watch out for the US June Employment report! Finally, we close the week on Friday with the global services PMIs.
This week’s economic calendar will present some high-priority data figures. The flash PMI-s tomorrow will give market participants a glimpse into the most recent developments in the services sector activity in the UK and Europe. On Wednesday, the Munich-based IFO institute will report its closely watched figure for the business climate in the country. On Thursday, stock investors’ eyes will be on Nike, as the sports apparel giant reports its Q4 results. On the same day, the US will release its Q1 final GDP figure for which markets’ expectations are firmly anchored in a confirmation of the 5% contraction. Finally, on Friday, the key US personal spending figure is to be released.
This week’s economic calendar is by no means busy, but some of the numbers coming out are important and could potentially cause volatility, so watch out carefully. On Tuesday, the UK labor department is reporting its unemployment rate and jobless claims. Later in the day, markets will get the eagerly expected US retail sales data, following a surprisingly upbeat non-farm payrolls report in the beginning of the month. The Bank of England is holding its regular interest rate meeting on Thursday. Finally, we close the week with the UK retail sales figure on Friday.
The economic calendar for this week includes some key economic figures and events featuring leading countries. We start on Tuesday, with the EU GDP for the first quarter and Germany’s trade balance for April. Later in the day, markets will brace for the OPEC+ meeting, which will determine where the price of oil is heading from here. The Federal Reserve’s meeting on Wednesday is not likely to bring any interest rate changes. What is more important for markets in this context is whether policy makers will show determination to act in order to change the current flatness of the yield curve. We are closing the week on Friday, with the UK reporting some key figures for its economy.