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03.08.2020

Manufacturing PMI. UK, 10:30 (GMT+2)

The UK Manufacturing PMI for July is due at 10:30 (GMT+2). The indicator is compiled from the enterprises responses about their purchasing activities and supply situations. At the same time, the attitude of purchasing managers to the current economic situation and prospects for its further development is evaluated. According to forecasts, the indicator may remain at the same level of 53.6 points.

Manufacturing PMI. Germany, 09:55 (GMT+2)

Manufacturing PMI data for July in Germany will be published at 09:55 (GMT+2). The indicator is compiled from the enterprises responses about their purchasing activities and supply situations. At the same time, the attitude of purchasing managers to the current economic situation and prospects for its further development is evaluated. The index is expected to decline from 45.2 to 44.6 points. The implementation of the forecast can put pressure on EUR.

Gross Domestic Product. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), preliminary data on Japanese GDP in Q1 2020 will be released. The GDP is the main indicator reflecting the state of the national economy. It takes into account domestic consumption, investment, government spending and exports. The Japanese economy is expected to decline by 1.9% on a quarterly basis and by 7.2% on an annualized basis. The implementation of the forecast could put pressure on JPY.

31.07.2020

Gross Domestic Product. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), preliminary data on the euro area's GDP in Q2 2020 will be released. The GDP is the main indicator reflecting the state of the national economy. It takes into account domestic consumption, investment, government spending and exports. The European economy is expected to decline by 11.2% on a quarterly basis and by 13.9% on an annualized basis. The implementation of the forecast can put pressure on EUR.

Consumer Price Index. EU, 11:00 (GMT+2)

Preliminary data on the euro area's Consumer Price Index for July are due at 11:00 (GMT+2). It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. The CPI is expected to decline from 0.3% to 0.2% on an annualized basis. The implementation of the forecast can put pressure on EUR.

Retail Sales. Germany, 08:00 (GMT+2)

German Retail Sales data for June is due at 08:00 (GMT+2). Retail Sales measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which influences the GDP. It is expected that on a monthly basis the indicator will decline from 13.9% to –3.3%, and on an annualized basis it may decline from 3.8% to 3.0%. The implementation of the forecast can put pressure on EUR.

Industrial Production. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), the data on industrial production for June will be published in Japan. Industrial Production gauges the change in the total inflation-adjusted value of output manufacturers, quarries, and utilities produced. The indicator takes into account the manufacturing and mining industries, as well as the power industry. Production is expected to rise by 1.2% in June after a serious 8.9% contraction in May. If the forecast proves correct, it can support JPY.

30.07.2020

Initial Jobless Claims. USA, 14:30 (GMT+2)

Weekly data on initial jobless claims from the USA will be released at 14:30 (GMT+2). The indicator measures the number of people who applied for unemployment benefits for the first time in the past week. These data are collected by the Department of Labor and published in a weekly report. Initial Jobless Claims indicator is used to measure the state of the labor market, since an increase in the indicator means that fewer people are hired. It is expected that the indicator may increase from 1.416M to 1.450M.