Markets will be looking for further confirmation that the global economy has started to recover from the initial impact of the COVID-19 pandemic, though will also be closely watching for signs of second waves of infections. Key data releases include the global PMI surveys plus the US monthly jobs report.
Hopes of V-shaped recoveries from COVID-19 lockdowns have been buoyed by improving data, including the flash PMIs for June, which showed a record rise across the largest developed economies to hint at the global economy returning to growth in June (see out special report on page 6). Final PMIs for both manufacturing and services are released around the world on Wednesday and Friday respectively.
In addition to the IHS Markit and ISM PMI surveys, US data releases include the monthly employment report, which includes unemployment and non-farm payroll data. Some 2.5 million jobs were added in May with a further 3 million gain anticipated in June according to the...
Key releases in the coming week include industrial production and retail sales for the US and China, helping to gauge manufacturing and consumer trends as the world's two largest economies eased lockdowns. Jobs data are meanwhile issued in the US, China and the UK, while inflation numbers are updated in the Eurozone, Japan and UK.
It's also a busy week for central banks, with markets looking for views from policymakers on expected recovery speeds and whether any new tools might be deployed to help ease downturns. Policy decisions are due in the UK, Japan, Brazil, Russia, Indonesia and Taiwan. Minutes from prior meetings are meanwhile published in Japan and Australia.
Industrial production and retail sales data for the US are updated for May, and will be eagerly awaited for confirmation that the worst of the economic downturn from the pandemic has passed. IHS Markit PMI surveys, which fell into contraction back in February, look to have bottomed out in...
S&P500 | |||
---|---|---|---|
VIX | |||
Eurostoxx50 | |||
FTSE100 | |||
Nikkei 225 | |||
TNX (UST10y) | |||
EURUSD | |||
GBPUSD | |||
USDJPY | |||
BTCUSD | |||
Gold spot | |||
Brent | |||
Copper |
- Top 50 publishers (last 24 hours)