Central banks, markets and investors around the world await this week’s economic updates and data in hopes of monetary policy changes amid a general trend of deflation and economic growth in several key regions globally.
This week, the U.S. Federal Reserve, the Bank of Japan, and the Bank of England are holding monetary policy meetings. There are several key sets of economic data that could impact the banks’ views on the economic health and progress including:
Tuesday, July 30
Today will see the release of Europe’s gross domestic product (GDP) growth reports. In the United States, markets await the release of the June JOLTs job openings report.
Wednesday, July 31
Tomorrow, Japan awaits the release of multiple economic data sets, including the following:
- June monthly industrial production report
- June retail sales
- Bank of Japan interest rate decision
- July consumer confidence report
Meanwhile, the Chinese market awaits the release of the July NBS manufacturing and non-manufacturing PMI.
Europe will see the release of the July flash annual and monthly inflation report, and the core inflation data.
Meanwhile, the U.S. will witness the release of the July API crude oil stock change, the EIA crude oil stock change, and the EIA gasoline stock change.
Thursday, August 1
The U.S. market on Thursday will await the release of the Fed’s interest rate decision, the Fed’s press conference, and several economic data sets including the initial jobless claims report, the July final S&P Global manufacturing PMI, and the July ISM manufacturing PMI.
Japan will await the release of the July final Jibun Bank manufacturing PMI while China will see the release of the July Caixin Manufacturing PMI.
In Europe, markets await the July HBOC manufacturing PMI and the June unemployment report. The UK looks forward to the Bank of England’s interest rate decision and the July S&P Global manufacturing PMI.
Read: U.S. debt reaches record $35 trillion, calls grow louder for responsible fiscal policy
Friday, August 2
On Friday, the U.S. will await insight from several reports including the July business confidence report, the non-farm payrolls report, the July unemployment data, and the June factory orders data.
For more economy news, click here.
