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The first day of August brings plenty of news releases, so let’s take a closer look.
It’s a bank holiday in Switzerland as Swiss National Day is observed.
UK Nationwide House Price Index for July is up first at 6 AM, and the prices saw an unexpected jump in June, reversing 3 months of decline.
The closely watched German Labour Report for July follows at 8. Unemployment actually saw a slight incease in June, contrary to expectations, but the seasonally adjusted unemployment rate remained at a record-low level.
The final reading of Euro Zone July Manufacturing PMI is out at 8. The initial estimate shows a slight decline in the Index, mostly due to weaker German data.
UK July Manufacturing PMI comes at 8:30. The Index unexpectedly lost 2 points in June, although it remained well in the positive territory.
The highly anticipated preliminary reading of Euro Zone second quarter GDP will be available at 9. The first quarter data came in stronger than expected, and this release is expected to show similar growth.
Coming up next at 12:30 PM GMT is the US Personal Income & Spending for June. Income continued growing at an increasing pace in May, but spending growth slowed down.
Canadian Manufacturing PMI for July follows at half past 1. The Index slipped to a 5-month low in June.
The high importance US ISM Manufacturing PMI for July is out at 2. The Index jumped by almost 3 points in June as new orders, production and employment all went up.
US Construction Spending for June comes at the same time. Spending stood unchanged in May, following a point 7% drop the previous month.
New Zealand Second Quarter Labour Report will be available at 10:45, and it is a high importance release for the Kiwi Dollar traders. The first quarter report came in stronger than expected as employment grew and unemployment rate went down.
UK BRC Shop Price Index for July follows at 11:01, and the prices continued to decline in June but at a slower pace; in particular, food prices actually went up.
Australian Building Approvals for June are scheduled at half past 1. The number of approvals slipped in May, reversing a 4.8% gain the previous month.
And Japanese Consumer Confidence Index for July is out at 5. The Index inched lower in June, mainly due to a decline in overall likelihood and income growth Indices.
I’m Kiays Khalil and this was the Economic Calendar for Tuesday, the 1st of August. Check back in for the next overview of news releases for Wednesday. Goodbye.

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