Here are some of the important economic data that will be the focus of the market throughout the week.
RBA Meeting Minutes (Tuesday 9.30am): Further details on the latest Australian central bank (RBA) meeting minutes report will be scrutinized by investors. The results of the meeting in early July saw interest rates maintained and the central bank still continuing to buy government bonds to support the economy.
ECB Monetary Policy Meeting (Thursday 7.45pm): Markets still expect that the European Central Bank (ECB) will continue to maintain a loose policy as before. The central bank’s follow -up statement will be the focus of investors for future policy indicators.
European Manufacturing and Services PMI data (Friday 4.00pm): The movement of the Euro currency is expected to move actively over the weekend following the release of economic sector data in Europe, particularly in France and Germany. The current reading is seen to be stable, signaling the development of the economic sector towards recovery.
UK Manufacturing and Services PMI data (Friday 4.30pm): Also follows the UK economic sector data with the expectation of no significant change in the current reading figures. Readings above the 50.0 level remain an expansionary signal in the economic sector.
US Manufacturing and Services PMI data (Friday 9.45pm): The New York session before this week's trading ends will focus on economic sector data in the United States. No significant change is expected in the reading figures for July.
