Welcome to the Investors Trading Academy economic calendar of the week.
Each week our news analysts review the upcoming economic events that you should be monitoring
during the week.
As the new month unfolds there are a lot of major data events scheduled for the week.
Earnings will begin to tone down as most of the majors have released their data.
The week kicks off on Saturday with China’s National Bureau of Statistics releasing Purchasing
Managers index gauges for both the services and manufacturing sectors.
The private sector Caixin manufacturing PMI is released on Monday with the services index
on Wednesday.
Also in Asia this week there are a few significant events including the RBA meeting on Tuesday.
The majority of economists expect no change to interest rates although the accompanying
statement will be looked at very closely to garner clues about future rate moves.
The first week of August's will see two keenly watched economic releases, one on each side
of the Atlantic.
The Bank of England's policy announcement on Thursday, meeting minutes from the Monetary
Policy Committee and the latest Inflation Report will for the first time all be released
simultaneously.
Friday's jobs data is expected to show the U.S. economy created 222,000 new jobs in July.
Also, the unemployment rate is expected to hold steady at 5.3 percent.
Investors will be keeping an eye on the job growth numbers as the U.S. Federal Reserve
chief Janet Yellen has made it clear she's looking out for "some" improvement in the
job market before voting for the first Fed interest rate rise in nearly a decade.
On Wednesday, the ADP National Employment Report is likely to show U.S. private employers
added 215,000 jobs in July, down from a previous month's 237,000 jobs.
Also, next week's focus will be on Wednesday's data on services sector growth, business activity
index and employment index from the Institute for Supply Management.
Separately, on Tuesday, the Commerce Department's figures on new orders for manufactured goods
is expected to have increased 1.8 percent in June after a drop of 1.0 percent in May.