The latest Bank of England Inflation Report is scheduled on Thursday, the 3rd of August; let’s find out more.
European Central Bank will release its latest Economic Bulletin at 8 AM. Traders are looking for any hawkish hints, but the previous bulletin still noted the need for substantial monetary accommodation.
The final reading of Euro Zone July Services PMI is out at the same time. The initial reading surprised on the upside as the Index recovered from the 6-month low reached the previous month.
UK Services PMI for July follows half an hour later, and the British Index actually came in weaker than expected in June, posting the second consecutive monthly decline.
Euro Zone Retail Sales for June will be available at 9. Sales continued growing in June, driven by fuel and non-food retail.
The highly anticipated Bank of England Monetary Policy Statement is out at 11, along with the inflation report, and Governor Carney will hold a press conference half an hour later. Some policy makers have recently struck a decidedly hawkish tone and, although no rate hikes are anticipated just yet, any comments could still move the markets.
Coming up next at half past noon GMT is the closely watched weekly update on US jobless claims. Initial claims grew by 10 thousand during the week ending July 22 whereas the continuing claims went down by 13 thousand during the week ending July 15.
Another high importance event follows at 2, when US ISM Non-Manufacturing PMI for July is released. The Index grew by half a percent in June; moreover, the Index has stood in the positive territory for 90 months straight.
US Factory Orders for June are out at the same time. Orders continued to decline in May, and at a faster pace than the point 3% drop the previous month.
Australian Retail Sales for June will be available at 1:30 AM. Sales have been growing for the past two months, reversing two months of decline.
And Reserve Bank of Australia will release its latest Statement on Monetary Policy at the same time. It is not an interest rate announcement, but it nevertheless provides some insight in the possible future course of action.
I’m Jessica Walker and this was the Economic Calendar for Thursday. Friday brings the latest US labour data, so stay tuned.
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