By David Papier

The start of next week could seem fairly low impact, however, multiple Manufacturing PMI updates from European countries and the U.S. will be worth monitoring as the manufacturing sector dominates a large part of countries GDP.

The Reserve Bank of Australia announces their interest rate decision in the early hours of Tuesday morning followed by a statement. Although no change to the interest rate is expected, the following statement will be interesting to see if the inflationary outlook is dovish or hawkish to try and predict the AUDs next move.

Midweek on Wednesday the US Markets will be closed due to their Independence Day holiday.

The end of the week really starts to get busy stateside kicking off with the ADP Employment change. This figure is often viewed as a precursor for the historically volatile all-important nonfarm payroll figures due out on Friday. The Federal Reserve Open Market Committee (FOMC) will release the minutes from their latest meeting in which they will have reviewed economic and financial conditions, determining the appropriate stance of monetary policy and assessing the risks to its long-run goals of price stability and sustainable economic growth.

Although the payroll figure normally steals the headlines, perhaps more in focus at the moment will be the US average earnings as a gauge to see if the Federal Reserve will maintain their rate hiking momentum. The end of the week certainly seems likely that those who trade the USD will have plenty to be watching out for.


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Economic Calendar

(All times are in BST)



Monday, 2nd July

00:50 JPN Business Sentiment Survey – Tankan –Big Manufacturers Diffusion Index
00:50 JPN Business Sentiment Survey – Tankan –Big Non-Manufacturers Diffusion Index
00:50 JPN Business Sentiment Survey – Tankan –Capital Expenditures
00:50 JPN Business Sentiment Survey – Tankan –Small Manufacturers Index
00:50 JPN Business Sentiment Survey – Tankan –Small Non-Manufacturers Index
08:45 IT PMI -Markit – Manufacturing
08:50 FR PMI - Markit – Manufacturing
08:55 DE PMI - Markit – Manufacturing
09:00 EU PMI - Markit – Manufacturing
09:30 UK PMI - Markit – Manufacturing
10:00 Employment -Unemployment Rate
15:00 US PMI – ISM –Manufacturing

Tuesday, 3rd July

02:00 AUD Building Approvals – Residential – MoM
02:30 RBA Cash Rate
15:00 US Factory Orders - MoM

Wednesday, 4th July

02:30 AUD Retail Sales
02:30 AUD Trade Balance – Trade Deficit -Goods and Services
09:00 EU PMI - Markit - Composite

Thursday, 5th July

07:00 DE Manufacturing Orders – Industrial Orders – MoM
13:15 ADP Employment Report –Private Payrolls Forecast
13:30 US Unemployment Claims –WoW
15:00 US Non-Manufacturing Survey - Employment Index
15:00 US Non-Manufacturing Survey – New Orders Index
15:00 US Non-Manufacturing Survey – Prices Index
15:00 US PMI – Non-Manufacturing Index
16:00 EIA Crude Oil Stocks – Net Change

Friday, 6th July

07:00 DE Industrial Production – Industrial Output –MoM
08:30 UK Housing Index –MoM
13:30 CAD Employment – Employment Change
13:30 CAD Employment – Unemployment Rate
13:30 CAD Trade Balance
13:30 US Non-Farm Payrolls
13:30 US Unemployment Rate
13:30 US Trade Balance – Trade Deficit - MoM



Corporate Calendar


Monday, 2nd July

No High Impact Results

Tuesday, 3rd July

No High Impact Results

Wednesday, 4th July

Sainsbury PLC –Trading Statement
Topps Tiles PLC  -Trading Statement

Thursday, 5th July

Associated British Foods PLC – Trading Statement
Persimmon PLC – Trading Statement
Superdry PLC – Final Result

Ex-dividend 

Anglo Pacific Group PLC [APF] (1.63 p)
AVEVA Group PLC [AVV] (27 p)
Biffa Plc [BIFF] (4.53 p)
Bisichi Mining PLC [BISI] (1 p)
Bisichi Mining PLC [BISI] (3 p)
Best Of The Best Plc [BOTB] (4.5 p)
BP PLC 8% CUM 1ST PRF [BP.A] (4 p)
BP PLC B [BP.B] (4.5 p)
Bank Pekao Sa Gds Repr 1 Ord Pln1reg S [BPKD] (2.1188 USD)
Brown (N) Group PLC [BWNG] (8.56 p)
CC Japan Income Growth Trust Plc [CCJI] (1.25 p)
Character Group (The) PLC [CCT] (11 p)
Caffyns PLC [CFYN] (15 p)
Calculus Vct Plc [CLC] (4 p)
Cambian Group Plc [CMBN] (0.25 p)
CML Microsystems PLC [CML] (5.8 p)
Chrysalis Vct Plc [CYS] (3 p)
Chrysalis Vct Plc [CYS] (1.75 p)
Dairy Crest Group PLC [DCG] (16.3 p)
De La Rue PLC [DLAR] (16.7 p)
Dewhurst PLC [DWHT] (3.5 p)
Entertainment One Group [ETO] (1.4 p)
European Investment Trust plc [EUT] (9 p)
F&C Global Smaller Companies [FCSC] (1.75 p)
F&C Private Equity Trust Plc [FPEO] (3.57 p)
Foreign & Colonial Investment Trust Plc [FRCL] (2.7 p)
Gresham House Strategic Plc [GHS] (17.25 p)
Hibernia REIT Plc [HBRN] (0.02 EUR)
Homeserve PLC [HSV] (14.4 p)
PJSC RusHydro [HYDR] (0.0413 USD)
IG Design [IGR] (4 p)
Impellam Group PLC [IPEL] (13.5 p)
Lowland Investment Company Plc [LWI] (13 p)
Petro Matad Ltd [MATD] (1.1716 USD)
Mountview Estates PLC [MTVW] (200 p)
Murray International Trust PLC [MYI] (11.5 p)
NEX Group Plc [NXG] (7.65 p)
Next PLC [NXT] (105 p)
Paragon Banking Group PLc [PAG] (5.5 p)
Palace Capital PLC [PCA] (4.75 p)
Pennon Group PLC [PNN] (26.62 p)
Ojsc Rostelecom Adr [RKMD] (0.4761 USD)
Scottish Investment Trust Plc (the) [SCIN] (5 p)
Speedy Hire PLC [SDY] (1.15 p)
Schroder European Real Estate Investment Trust Plc [SERE] (0.0185 EUR)
Shires Income PLC [SHRS] (4 p)
Societatea Nationala De Gaze Naturale Romgaz S.a. [SNG1] (1.2418 USD)
Romgaz [SNGR] (1.2418 USD)
Sqn Secured Income Fund Plc [SSIF] (0.53 p)
SciSys PLC [SSY] (1.57 p)
Steppe Cement Ltd [STCM] (1 p)
Stride Gaming Plc [STR] (1.3 p)
TalkTalk Telecom Group PLC [TALK] (1.5 p)
Treatt PLC [TET] (1.6 p)
UP Global Sourcing Holdings Plc [UPGS] (0.83 p)
Warpaint London Plc [W7L] (2.6 p)
Wincanton PLC [WIN] (6.63 p)
Workspace Group Plc [WKP] (18.55 p)
Xpediator Plc [XPD] (0.64 p)
Zytronic PLC [ZYT] (7.6 p)

Friday 6th July

No High Impact Results

Sources: Bloomberg/Companies

 

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