A busy macro calendar is set for next week, according to Jin10, with the U.S. nonfarm payroll week and several China data releases on deck. The schedule includes China’s July foreign exchange reserves, CPI and trade balance, along with a run of U.S. indicators covering manufacturing, trade and labor conditions. On Monday, markets will watch China’s July manufacturing PMI and the U.S. July ISM manufacturing PMI. Tuesday brings the U.S. June trade balance and JOLTs job openings. Wednesday will see the release of U.S. ADP employment figures and the ISM non-manufacturing PMI. On Thursday, the focus shifts to the U.S. July unemployment rate and nonfarm payrolls. The week will close on Friday with speeches from multiple Federal Reserve officials. The lineup puts labor and activity data from both China and the United States at the center of attention.
Next week will bring a series of key events and data releases, according to Jin10, including U.S. nonfarm payroll week and China’s July foreign exchange reserves, CPI and trade balance.
Key items on the calendar
On Monday, China will release its July manufacturing PMI, while the U.S. is set to publish the July ISM manufacturing PMI and other data.
On Tuesday, the U.S. will release its June trade balance and JOLTs job openings.
On Wednesday, the U.S. will publish ADP employment figures and the ISM non-manufacturing PMI.
On Thursday, the U.S. will release its July unemployment rate and nonfarm payrolls.
On Friday, multiple Federal Reserve officials are scheduled to speak.
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