Markets Watch U.S. Inventory Data, Services PMIs and Fed Remarks Through the Day

According to Jin10, the day’s main macro events span energy data, services activity readings and remarks from U.S. Federal Reserve officials. The schedule starts with the U.S. weekly API crude oil inventories for the week ended July 31 at 04:30, followed by remarks from Federal Reserve Chair Schmid at 08:15. China’s July RatingDog services PMI is due at 09:45. Europe then takes focus with France’s June industrial output month-on-month reading at 14:45, France’s final July services PMI at 15:50, Germany’s final July services PMI at 15:55, the euro zone’s final July services PMI at 16:00, the U.K.’s final July services PMI at 16:30, and the euro zone’s June PPI month-on-month reading at 17:00. In the U.S. session, traders will watch July ADP employment at 20:15, the final July S&P Global services PMI at 21:45, July ISM non-manufacturing PMI at 22:00, and three EIA oil stock readings at 22:30, covering crude, Cushing crude and strategic petroleum reserves. Fed Governor Cook is also scheduled to speak on the economic outlook at 04:05 the next day.