February 17, 2019 10:57 AM RSS

The Week Ahead For August 1st-5th

  • Wall Street Rebel | Geoff Garbacz
  • 08/01/2016 08:41 AM
The Week Ahead For August 1st-5th

1.Geopolitical and Fiscal Events. Monday sees Federal Reserve New York President William Dudley speak at 10:00 a.m. EDT. Tuesday sees Federal Reserve Dallas President Robert Kaplan speak from China at 4:00 a.m. EDT. Thursday sees The Bank of England announce its latest rate decision. Also on Thursday Federal Reserve Dallas President Robert Kaplan speaks from Asia at 6:00 a.m. EDT. Then on Thursday night the Reserve Bank of Australia announces its latest interest rate decision.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and construction spending, ISM Manufacturing PMI, personal income, ADP Payroll Survey, Challenger Gray & Christmas JOLTS Survey, factory orders, July Nonfarm Payrolls and Unemployment Rate.

3.Earnings Releases. Notable releases include GGP VNO PG PFE TWX OXY KFT PCLN CTSH WY.

Monday, August 1

Canada is closed for trading on Monday.

June Construction Spending is due out at 10:00 a.m. EDT and is expected to improve to 0.6% from -0.8%.

At the same time, July ISM Manufacturing PMI is due out and expected to fall to 53 from 53.2.

Tuesday, August 2

June Personal Income is due out at 8:30 a.m. EDT and are expected to rise to 0.3% from 0.2%.

Wednesday, August 3

ADP Payroll Survey is due out at 8:15 a.m. EDT and will set the stage for Friday’s unemployment number

Thursday, August 4

Challenger Gray & Christmas JOLTS Survey is due out at 7:30 a.m. EDT and will provide more color on Friday’s number.

The Bank of England (BOE) is out with its latest interest rate decision.

June Factory Orders are due out at 10:00 a.m. EDT and are expected to drop to -1.8% from -1.0%.

IMF Head Christine Lagarde speaks at a Brazilian bank sponsored conference and as of now there is not a time.

Overnight The Reserve Bank of Australia (RBA) will announce its latest interest rate decision at 9:30 p.m. EDT.

Friday, August 5

July Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to fall to 175,000 from 287,000. The unemployment rate is expected to drop to 4.8% from 4.9%.

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