1st July 2019 - 5th July 2019
The Unemployment Rate released the amount of unemployed people in Germany, using seasonally adjusted data. A decrease in this indicator has positive implications for consumer spending which stimulates economic growth. The Manufacturing Purchasing Managers Index (PMI) released captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Euro Zone. Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. The Retail Sales released is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. In the latter part of the day RBA’s Governor Philip Lowe will give out his speech on the current economic conditions and also their future policies & projections. The Employment Change released is a measure of the change in the number of employed people in the US. Generally speaking, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. The Trade Balance released is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. The ISM Non-Manufacturing Index released shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. US Markets are closed due to Independence Day and all markets will be less reactive due to the holidays. The Retail Sales released is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The Factory orders released is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. The nonfarm payrolls released presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The Average Hourly Earnings released is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates Monday
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