The main events of Friday!

On Friday, August 3, the day is saturated with data on business activity in the services sector. But the main event of the day will be the publication of the employment report in the US.

At 02:50 – the meeting  minutes of the monetary policy of the Bank of Japan will be published.

At 04:30 – the volume of retail sales (m / m) (June) in Australia, forecast  0.3%, previous value  0.4%.

At 04:45 –  Caixin index of business activity in the services sector (PMI) (July), forecast 54.0, previous value  53.9.

At 10:15 –  the consumer price index (CPI) of Switzerland (m / m) (July), forecast -0.3%, previous value 0.0%.

At 10:55 – German index of business activity in the services sector in (July), forecast of 54.4,  previous value 54.4.

At 11:00 –  data on the euro area:
– Markit Composite index of business activity (PMI)  (July), forecast 54.3, previous value 54.3.
– The index of business activity in the services sector (July), forecast 54.4,  previous value 54.4.

At 11:30 –  the index of business activity in the services sector (July) in the UK, forecast 54.7,  previous value 55.1.

At 12:00 – the volume of retail sales (m / m) (June) in the euro area, forecast 0.4%, previous value 0.0%

At 15:30 – an employment report in the US:
– Average hourly earnings (in comparison with the same period of the previous year) (y / y) (July), forecast 2.7%, previous value 2.7%.
– Average hourly earnings (m / m) (July), forecast 0.3%, previous value 0.2%.
– The volume of exports, previous value  215.33B.
– The volume of imports,  previous value  258.38B.
– Nonfarm payrolls (July), forecast 193K,  previous value  213K.
– The share of the economically active population (July),  previous value 62.9%
– Private Nonfarm payrolls (July), forecast 189K, previous value 202K.
– Trade balance (June), forecast -46,50B,  previous value -43,10B.
– Unemployment rate (July), forecast 3.9%, previous value 4.0%.

Also at 15:30 – trade balance of Canada (June), forecast -2.30B, previous value -2.77B.

At 16:45 –  data on business activity in the US:
– Markit Composite index of business activity (PMI) (July), forecast 55.9, previous value  55.9.
– PMI in the services sector (July), forecast 56.2,  previous value  56.2.

At 17:00 – announce the US data:
– ISM non-manufacturing employment index  (July),  previous value 53.6.
– ISM non-manufacturing business activity index  (PMI) (July), forecast 58.6,  previous value 59.1.

At 20:00 – the number of oil rigs from Baker Hughes,  previous value  861.

Hanzenko Anton