Week’s main events (July 29 – August 02)
This week will be a busy week for the markets. This week’s main events will be data on the labor market (Nonfarm Payrolls) in the United States, as well as interest rate meetings of the central banks of the United States, the United Kingdom, and Japan. There is an 88% probability that the US Fed will leave rates unchanged this week. Wednesday’s Fed statement will put the Nonfarm payrolls report under increased scrutiny. Economists expect the US economy added 177,000 jobs in July, down from 206,000 the previous month. The odds on a Bank of England rate cut have not changed significantly: the probability of an August rate cut remains at 40%. As for the Bank of Japan — swaps estimate the odds of a 10 bps rate hike from the BOJ at 68% for the July 31 meeting. Australia, Switzerland, and the Eurozone will have updated inflation data. A widespread reduction in price pressures is forecast. Earnings data from major technology companies are expected to be released in the coming days, and any disappointments could further upset the markets. Companies such as Microsoft (MSFT), Meta (META), Apple (AAPL), and Amazon (AMZN) will be reported.
- – Japan Unemployment Rate (m/m) at 02:30 (GMT+3);
- – Switzerland KOF Leading Indicators (m/m) at 10:00 (GMT+3);
- – German GDP (m/m) at 11:00 (GMT+3);
- – Eurozone GDP (m/m) at 12:00 (GMT+3);
- – German CPI (m/m) at 15:00 (GMT+3);
- – US CB Consumer Confidence (m/m) at 17:00 (GMT+3);
- – US JOLTs Job Openings (m/m) at 17:00 (GMT+3).
- – Japan Industrial Production (m/m) at 02:50 (GMT+3);
- – Japan Retail Sales (m/m) at 02:50 (GMT+3);
- – Australia Consumer Price Index (m/m) at 04:30 (GMT+3);
- – Australia Retail Sales (m/m) at 04:30 (GMT+3);
- – China Manufacturing PMI (m/m) at 04:30 (GMT+3);
- – China Non-Manufacturing PMI (m/m) at 04:30 (GMT+3);
- – Japan BoJ Monetary Policy Statement (m/m) at 07:00 (GMT+3);
- – Japan Interest Rate Decision (m/m) at 07:00 (GMT+3);
- – Japan Quarterly Outlook Report (m/m) at 07:00 (GMT+3);
- – German Unemployment Rate (m/m) at 10:55 (GMT+3);
- – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- – Canada GDP (m/m) at 15:30 (GMT+3);
- – US Pending Home Sales (m/m) at 17:00 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
- – US FOMC Statement (m/m) at 21:00 (GMT+3);
- – US Fed Interest Rate Decision (m/m) at 21:00 (GMT+3);
- – US Fed Press Conference (m/m) at 21:30 (GMT+3).
- – Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
- – Australia Trade Balance (m/m) at 04:30 (GMT+3);
- – German Manufacturing PMI (m/m) at 10:55 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
- – Eurozone Unemployment Rate (m/m) at 12:00 (GMT+3);
- – UK BoE Interest Rate Decision (m/m) at 14:00 (GMT+3);
- – UK BoE Monetary Policy Statement (m/m) at 14:00 (GMT+3);
- – UK BoE Gov Bailey Speaks at 14:30 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – Canada Manufacturing PMI (m/m) at 16:30 (GMT+3);
- – US ISM Manufacturing PMI (m/m) at 17:00 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3);
- – Switzerland Manufacturing PMI (m/m) at 10:30 (GMT+3);
- – US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
- – US Unemployment Rate (m/m) at 15:30 (GMT+3).
by 2024.07.29
, Open Account