Monday

2.30am – China PMIs (July): manufacturing PMI to fall to 48 from 49, and non-manufacturing to fall to 52.9 from 53.2. Markets to watch: China indices, CNH crosses

10am – eurozone GDP (Q2, flash), CPI (July, flash): GDP to grow 0.3% QoQ from 0%, and 0.6% from 1.1% YoY. CPI to be 5.2% from 5.5% YoY, and fall 0.2% from a 0.3% rise MoM. Markets to watch: eurozone indices, EUR crosses

2.45pm – US Chicago PMI (July): index to rise to 43 from 41.5. Markets to watch: USD crosses

Tuesday

2.45am – China Caixin manufacturing PMI (July): index to fall to 49 from 50.5. Markets to watch: China indices, CNH crosses

5.30am – Reserve Bank of Australia rate decision: rates expected to rise 25 basis points, from 4.1% to 4.35%. Markets to watch: AUD crosses

8.55am – Germany unemployment (July): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses

3pm – US ISM manufacturing PMI (July): index to rise to 48 from 46. Markets to watch: USD crosses

Wednesday

1.15pm – US ADP employment report (July): private payroll survey to show an increase of 210,000 jobs, compared to 497,000 in June. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude oil inventories (w/e 28 July): previous week saw stockpiles fall by 600,000 barrels. Markets to watch: Brent, WTI

Thursday

2.45am – China Caixin services PMI (July): index to fall to 52 from 53.9. Markets to watch: China indices, CNH crosses

12pm – Bank of England rate decision: rates expected to rise 25bps as the Bank seeks to bring inflation under control. Now that UK CPI has slowed, we may see some caution about future hikes. Markets to watch: FTSE 100/250, GBP crosses

1.30pm – US initial jobless claims (w/e 29 July): claims to rise to 225K. Markets to watch: US indices, USD crosses

3pm – US ISM services PMI (July): index to fall to 52 from 53.9. Markets to watch: US indices, USD crosses

Friday

1.30pm – US non-farm payrolls (July): payrolls to rise 190K from 209K last month, and unemployment rate to hold at 3.6%. Average hourly earnings to rise 0.3% from 0.4% MoM, and 4.3% from 4.4% YoY. Markets to watch: US indices, USD crosses

1.30pm – Canada employment report (July): unemployment rate to rise to 5.5% from 5.4%. Markets to watch: CAD crosses

3pm – Canada Ivey PMI (July): expected to fall to 49.7 from 50.2. Markets to watch: CAD crosses

Company announcements