Economic Calendar for the Second Week of July 2024

Economic Calendar for the Second Week of July 2024

The economic calendar for the second week of July 2024 includes several key events and indicators that may impact the global economy. The week will begin with the Reserve Bank of Australia’s minutes from its latest monetary policy meeting on Monday, followed by Canada’s employment report and consumer confidence data in the Eurozone. On Tuesday, wholesale inventory data will be released in the US, while on Wednesday, ADP employment and ISM manufacturing PMI will be reported. On Thursday, retail sales data will be released in the Eurozone, and initial jobless claims will be reported in the US. Finally, on Friday, the official employment report and consumer credit data will be released in the US.

Key Events and Indicators

Monday, July 8th

• 9:30 UTC: Australia – RBA Minutes (RBA) – The Reserve Bank of Australia’s latest monetary policy meeting minutes will provide insight into the central bank’s views on the economy and future rate decisions.
• 14:30 UTC: Canada – Employment Report (StatsCan) – The Canadian employment report will show the number of jobs added or lost and the unemployment rate.

Tuesday, July 9th

• 10:00 UTC: Eurozone – Consumer Confidence (Eurostat) – The Eurozone’s consumer confidence index will provide insight into consumer sentiment and spending habits.
• 17:00 UTC: US – Wholesale Inventories (Census Bureau) – Wholesale inventories data will show the level of inventory held by wholesalers, which can impact production and demand.

Wednesday, July 10th

• 17:15 UTC: US – ADP Employment Report (ADP) – The ADP employment report is a private-sector survey that estimates the number of jobs added or lost in the US.
• 21:00 UTC: US – ISM Manufacturing PMI (ISM) – The Institute for Supply Management’s manufacturing PMI is a key indicator of the health of the US manufacturing sector.

Thursday, July 11th

• 10:00 UTC: Eurozone – Retail Sales (Eurostat) – Retail sales data will provide insight into consumer spending patterns in the Eurozone.
• 17:30 UTC: US – Initial Jobless Claims (DOL) – Initial jobless claims data will show the number of people filing for unemployment benefits for the first time.

Friday, July 12th

• 17:30 UTC: US – Nonfarm Payrolls and Unemployment Rate (BLS) – The official employment report will provide detailed information on job gains and losses and the unemployment rate.
• 21:00 UTC: US – Consumer Credit (Federal Reserve) – Consumer credit data will show the level of borrowing by households.

Key Takeaways

• The week ahead is expected to be packed with key economic indicators that will provide insight into the state of the global economy.
• The US employment report is expected to be a major driver of market movement, while consumer confidence in the Eurozone and retail sales data may also have an impact on sentiment.
• The Reserve Bank of Australia’s minutes may also provide clues on future monetary policy decisions.

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