Friday brings the latest US employment data, and it’s definitely worth a closer look.
But there are other noteworthy releases on this Calendar, and the first of them is German Factory Orders for June, which is out at 6 AM. Orders did return to growth in May, but not enough to offset a 2.2% decline the previous month.
Euro Zone Retail PMI for July follows at 8:10. The Index rose to a 2-year high in June, driven by strong improvement in France and Germany.
Coming up next at 12:30 PM GMY is the closely watched US July Employment Report. The June report was another solid performer as job growth reached a 6-month high, although it was not without its caveats as the unemployment rate did inch higher.
US Trade Balance for June is out at the same time. Trade deficit narrowed in May as goods deficit decreased and services surplus increased.
And neighbouring Canada will release its labour and trade data at the same time. Now, the Canadian June labour report surprised very much on the upside as employment continued growing faster than expected and unemployment rate went down.
Trade Balance, on the other hand, widened in May as imports outpaced the exports.
And finally there’s the Canadian Ivey PMI for July, which concludes the schedule at 2. The Index jumped by almost 8 points in June, hitting its highest level in more than a year.
I’m Kiays Khalil and this was the Economic Calendar for Friday, the 4th of August. Check back in for the next overview of news releases for Monday. Goodbye.
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