PMI data in China, Europe and USA
Meeting of the Bank of England
US Labor Market Report
The COVID-19 pandemic continues to have a key impact on the dynamics of financial markets. Complicated epidemiological situation in the U.S. has significantly weakened investors' expectations about the prospects for recovery of the world's largest economy. New outbreaks of the virus have been identified in Australia, Asian, European and South American countries.
Investors are closely monitoring macroeconomic statistics to determine the current impact of the pandemic on regional economies.
The market is expecting a large block of important macroeconomic statistics in the coming week. China will publish Caixin's PMI data and trade balance information. Australia will host the RBA meeting and publish retail sales data for June. The U.S. will publish production sector PMI data and labor market report for July. In Europe, the focus will be on July PMI data. Bank of England will hold a planned meeting on monetary policy.
Monday, August 3
Japan will publish preliminary GDP figures for 2nd quarter
Caixin to publish Chinese manufacturing PMI data for July
EU and UK PMI data for manufacturing sector to be published in July
ISM to publish US Manufacturing Index (PMI)
Tuesday, August 4
Retail sales data will be published in Australia and a meeting of the RBA will be held.
Wednesday, August 5
New Zealand to publish labour market statistics for 2nd quarter
Caixin to publish Chinese service PMI data for July
EU and UK to publish service sector PMI data for July
In the USA, ADP will present a monthly report on changes in the number of non-agricultural workers, ISM will publish an index of supply managers for the nonproduction sector in the USA, EIA will present a weekly report on oil and oil products reserves.
Thursday, August 6
The Bank of England will hold a meeting on monetary policy
The United States will publish weekly data on the number of initial applications for unemployment benefits
Friday, August 7
China will publish data on trade balance
Germany will publish data on industrial production
A labour market report will be published in the United States
A labour market report will be published in Canada