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Thursday is jobs day in the U.S., but key unemployment readings in Europe will likely dominate morning headlines.Here’s what you need to know.
- China starts things off at 9:00 p.m. on Monday evening with June services PMI. There is no consensus for the report, which last registered at 55.2.
- Australian building approvals follow at 9:30, with expectations for a 5.0 per cent gain in May.
- Announcements go quiet until 12:30 a.m. on Tuesday morning, when the Royal Bank of Australia announces any changes to rates. Economists forecast the RBA will leave rates unchanged at 3.5 per cent.
- Spanish unemployment hits at 3:00 a.m., with forecasts for the number of people without jobs to fall by 51,600.
- U.K. construction PMI and net credit follow at 4:30 a.m. Economists project credit grew by £0.2 billion in May, while construction PMI fell 150 basis points to 52.9 in June.
- Hong Kong retail sales will also be announced at 4:30 a.m., with projections for a 9.7 per cent year-on-year improvement in May.
- Brazilian industrial production hits at 8:00 a.m. Production is expected to fall 0.6 per cent sequentially in May.
- Attention shifts to the U.S. at 9:45 a.m. with ISM New York. There is no consensus for the report.
- Closing out the day at 10:00 a.m. is May Factory Orders. Economists forecast orders advanced 0.1 per cent during the month.
- Throughout the day, automakers will be releasing June auto sales figures.
There are no major earnings announcements scheduled for the day.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.