ISM data and jobs reports highlight the events next week

Monday will be the August 2nd and the start of a new month. That means the traditional ISM data, ADP employment, the US and Canada jobs reports.

Highlights on the economic calendar.

Monday (bank holiday in Canada)

  • Japan consumer confidence 36.0 versus 37.4 last month
  • German retail sales, estimate 1.9%
  • German PMI final, 65.6 est
  • UK PMI final, 60.4 est
  • France PMI, 58.1 est
  • Italy PMI final, 62.5 est
  • US ISM manufacturing 60.8 versus 60.6 last month

Tuesday

  • RBA rate statement. No change expected
  • Spain's unemployment change. Last -166.9 K
  • Canada manufacturing PMI, last 56.5
  • US factory orders, estimate 1.2% versus 1.7% last month

Wednesday

  • New Zealand employment change, 0.7% quarter on quarter versus 0.6% last quarter. Unemployment rate 4.4% versus 4.7%
  • Australia retail sales, -1.8% estimate versus -1.8% last month
  • German final services PMI, 62.2 estimate
  • France's final services PMI 57.0 estimate
  • UK's final services PMI 57.8 estimate
  • US ADP nonfarm employment change, 680K estimate versus 692K last month
  • US ISM services PMI 60.5 versus 60.1 last month

Thursday

  • German factory orders, 2.1% versus -3.7%
  • ECB economic bulletin
  • BOE interest rate decision. No change expected. Monetary policy report/monetary policy summary
  • US trade balance $-72.5 billion versus $-71.2 billion

Friday

  • Canada employment change. Last month 230.7 K. Canada unemployment rate last month 7.8%
  • US nonfarm payroll, 925K estimate versus 850K last month. Unemployment rate 5.6% versus 5.9% last month. Average hourly earnings 0.3% versus 0.3% last month