Economic News 06-10 July

Economic News 06-10 July

Weekly Economic News To Watch This Week

Previously on the news: Due to a bank holiday on Friday, U.S Non Farm Payroll was released on a Thursday. Job numbers rose to 4800K Vs 3037K. These numbers were not necessarily about new jobs, but more about existing employees returning back as lock down is slowly easing. Earnings dropped to -1.2% Vs expected -0.8%. Unemployment rate dropped to 11.1% Vs 12.4%.

On the 7th, Reserve Bank of Australia (RBA) will be deciding on their Interest Rates. They are expected to maintain the current rate of 0.25%. As usual, they will also issue their Monetary Policy Statement, which focuses more on the future. We will be watching the tone of the statement to see if it is hawkish or dovish.

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Economic News 06-10 July

Economic News 15-19 June

Economic news to watch this week

Bank Of Japan (BOJ) will issue their monetary policy statement on Wednesday. U.S Retail Sales stats are expected to rise to 7.4% versus -16.4% expected. Fed Chair Jerome Powell is also due to testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC. On Thursday, Swiss National Bank and Bank Of England (BOE) will decide on their Interest Rates and issue their Monetary Policy statements. Below is the weekly economic calendar.

Economic News 06-10 July

Economic News 08 -12 June

Economic news to watch this week

We are kicking off our week with a speech from the European Central Bank (ECB) President Lagarde. She is due to testify at a virtual hearing before the European Parliament Economic and Monetary Affairs Committee, via satellite.

On Wednesday, Federal Reserve Bank (FED) is expected to maintain their Interest Rates at a current rate of <0.25%, followed by FOMC press conference. Below is the weekly economic calendar.

Economic News 06-10 July

Economic News 01-05 June

Economic News To Watch This Week

This week on Tuesday, Reserve bank of Australia (RBA) is expected to maintain their Interest Rates at the current rate of 0.25%. On Wednesday Bank of Canada (BOC) is also deciding on their Interest Rates. They are expected to maintain their Interest Rates at the current rate of 0.25%. Both Central banks will also issue their Monetary policy statement. European Central Bank is also on the maintaining path. They are expected to maintain their Interest rates at the current rate of 0.00%.

To close our week, United States will release their 6th job numbers stats (the Non Farm Payrolls) on Friday. I have published Non Farm Payrolls (NFP) annual schedule. You can download it HERE. If you would like to receive any new publication whenever I publish one, kindly subscribe to this blog. Look for a subscribe button on the sidebar and enter your email address. Make sure that you check your email for a confirmation link which could be in spam/ folder. Clink on the link on email and confirm subscription.

Economic News 06-10 July

Economic News 25- 29 May

Economic news to Watch this week

Again this week, Central banks are in focus. BOC, ECB, RNBZ and Fed. It is Covid-19 time, the Central Banks are busy. Below is the weekly economic news to watch this week.

Economic News 06-10 July

Economic News 18-22 May

Economic news to watch this week

Week ahead: This week the markets are more focused on Central Banks and COVID-19. COVID-19 has been doing the most in the global economies and the Central Banks have resorted to cutting their Interest Rates. If you have no idea why would they resort to such measures, you can read my previous post.

On Monday, Federal Reserve Chair Jerome Powell will deliver a speech to discuss COVID-19 and the economic outlook in an interview conducted by CBS’ 60 Minutes. On Tuesday he will testify, along with Treasury Secretary Steven Mnuchin, on Corona virus Aid Relief, and the Economic Security Act. On Wednesday, Bank Of England Gov Bailey is due to testify along with three MPC (Monetary Policy Committee) members, on the economic impact of COVID-19 before the Treasury Select Committee, in London.

On Thursday, Reserve Bank Of Australia (RBA) Gov Lowe will participate in a panel discussion at the Financial Services Institute of Australia, in Sydney. Audience questions expected. Then on Friday, there’s European Central Bank (ECB) and Bank Of Japan (BOJ) on their Monetary Policy statements release. Below is the weekly economic calendar.

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