Weekly Outlook: 2016, July 31 - August 07-data-header.jpg

US ISM Manufacturing PMI, ISM Non-Manufacturing PMI, Crude Oil Inventories, Australian and UK rate decision, Canadian and US employment data including the major US monthly employment report. These are the highlights of this week.

  1. US ISM Manufacturing PMI: Monday, 14:00. Manufacturing activity is expected to decline to 53.1 this time.
  2. Australian rate decision: Tuesday, 4:30. The RBA is expected to cut rates to 1.50% in its August meeting.
  3. US ADP Non-Farm Employment Change: Wednesday, 12:15. ADP report is expected to show a jobs gain of 171,000 in July.
  4. US ISM Non-Manufacturing PMI: Wednesday, 14:00. US services sector is expected to remain in expansion at 56 this time.
  5. US Crude Oil Inventories: Wednesday, 14:00. Despite the rise, crude inventories remain within the five-year range.
  6. UK Rate decision: Thursday, 11:00. The Bank of England is expected to cut rates to 0.25% in August.
  7. Mark Carney speaks: Thursday, 11:30. Mark Carney, Governor of the Bank of England will speak in London about the Inflation Report. Market volatility is expected.
  8. US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to reach 265,000 this week.
  9. Canadian Employment data: Friday, 12:30. The employment market is expected to gain 10,200 jobs, hwuile the unemployment rate is predicted to rise to 6.9% in July.
  10. US Non-Farm Employment Change and Unemployment rate: Friday, 12:30. The US employment market is expected to expand by 180,000 new jobs while the unemployment rate is expected to decline to 4.8%.

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