01.08.2016 – Economic Calendar by Dukascopy

By | July 29, 2016

The first day of August brings the latest updates on global manufacturing, so keep watching this Economic Calendar to find out more.
Markets will be closed in Switzerland and Canada for Independence Day and Civic Day, respectively, but the rest of the world remains busy.
Chinese Purchasing Managers Index for July is up first at 1 AM. The manufacturing index lost point 1 percentage point in June, indicating the manufacturing sector has neither expanded nor contracted, whereas the non-manufacturing index rose to a 4-month high.
Euro Zone Final Manufacturing PMI for July follows at 8. The initial estimate puts the Index at 51.9 points, down from 52.8 the previous month.
UK Manufacturing PMI for July is out at half past 8. The June index was one of the first pieces of data to show the impact of the Brexit vote, and it posted a sharp drop, sending the Pound lower.
Coming up next at 2 PM GMT is the closely watched US ISM Manufacturing PMI for July. The Index surpised on the upside in June, rising to its highest level in almost a year.
US Construction Spending for June is due at the same time. Spending has been declining for the past two months.
Two news releases regarding the Australian economy in June will be available at 1:30 AM, and trade balance is one of them. Trade deficit widened in May as imports outpaced the exports.
Building Approvals came in weaker than expected in May, posting their first drop in 4 months.
New Zealand second quarter Inflation Expectations follow at 3. The anticipated annual inflation rate has stood unchanged for the past 2 quarters.
Reserve Bank of Australia will release its latest Monetary Policy Statement at half past 4, and it is a high importance event for all the Aussie Dollar traders. Markets are expecting this meeting could bring a rate cut.
And Japanese Consumer Confidence Index for July is out at 5. The Index surprised on the upside in June, rising to a 5-month high.
I’m Celeste Skinner and these are the news releases to watch this Monday. Check back in for the next overview of news releases for Tuesday. Goodbye.

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