Key Events This Week: Payrolls, PMIs, Earnings And More Stimmies
Monday, 2 August 2021, 15:54:02
Key Events This Week: Payrolls, PMIs, Earnings And More Stimmies As we enter August and what is set to be a period of higher than normal holiday taking (as traders scramble to hit the beach ahead of the next round of lockdowns), well have to wait until Friday for the main event, which is the July payrolls report but before that well see the release of the July PMIs from around the world (mostly today and Wednesday), a further 150 earnings reports from S&P 500 companies, and 4 monetary policy decisions from G20 central banks, including the Bank of England (Thursday). And, as DB”s Jim Reid reminds us, dont forget the US infrastructure bill which seems to be making progress in the background after senators agreed text to a bipartisan bill that they hope to vote on this week. Going through the main highlights of the week ahead in more details, the next few days will be dominated by the build up to Fridays US employment report. Fed Chair Powell said in his press conference after last weeks Fed meeting that the labor market has a ways to go, and that the unemployment rate of 5.9% understates the shortfall in employment, particularly as participation in the labor market has not moved up from the low rates that have prevailed for most of the past year. This is actually the last jobs report ahead of Powells speech at Jackson Hole later in August, so could be an important one in terms of providing clues on a potential timeline for the Feds tapering of asset purchases.
— Zero Hedge
Futures Jump, China Soars After Beijing Promises More Stimmies
Monday, 2 August 2021, 14:03:58
Futures Jump, China Soars After Beijing Promises More Stimmies Any other day, especially with traders so on edge over anything to do with China, futures would be deep in the red after Beijing reported another sharp drop in the Caixin manufacturing PMI, which slumped from 51.3 in June to 50.3, missing expectations of 51.0 and on the verge of contraction while the new orders sub-index did contract, sliding to 49.2 from 51.6, the first time below 50 since last May. … but not today, and instead Chinese stocks surged by the most in ten weeks as traders rushed to buy everything from baijiu producers to construction firms on expectations of increased support for the economy after Beijing signaled it would intensify policy support in the second half of the year to bolster the countrys economic growth amid deceleration, China Daily says in a report on Monday and confirming what we reported two weeks ago in ” China”s Credit Impulse Just Bottomed With Profound Implications For Global Economies And Markets “.
— Zero Hedge
Tuesday, 27 July 2021, 23:03:47
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— GuruFocus
Online Travel Update: Tripadvisor Plus announces initial hotel partners for its subscription service, and Booking Holdings reveals more details around their planned fintech business
Tuesday, 27 July 2021, 21:39:51
It was a relatively quiet week in the online travel world. Bookings announcement last week about its launch of a new fintech business spurred several additional stories last week, two of which are included in this weeks Update. Enjoy. By: Foster Garvey PC
— JD Supra
Optas, LLC Buys WisdomTree Emerging Markets ex-State-Owned Enterpr, Vanguard ESG U.S. …
Tuesday, 27 July 2021, 14:38:06
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— GuruFocus
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