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Big, big week for markets coming up | investingLive

I’ll just summarise it quickly as the list itself will lend credence to how busy and messy this week might get for markets.

We already got a taste of dealing with trade headlines to start with and it will be the case all throughout the week. The US and China are meeting today and an extension of the status quo i.e. temporary truce is the expectation.

But moving on, we’ll have a teaser on US jobs data on Tuesday via the JOLTS report. Yes, it is non-farm payrolls week mind you.

Then, we’ll have the Australia quarterly CPI report for Q2 on Wednesday. This is the big one for the RBA with markets expecting it to allude to a 25 bps rate cut in August. As things stand, traders are pricing in ~84% odds of a rate cut for next month. From earlier this month: RBA’s Bullock: We want to be sure on inflation

After which, we’ll move on to the ADP employment data and US Q2 GDP data, before getting to the Bank of Canada and Federal Reserve monetary policy decisions.

And after wrapping that up, the focus turns to big tech earnings from Wall Street. Meta and Microsoft will report after the close on Wednesday before Amazon and Apple take over after the close on Thursday.

And Thursday itself will also feature the Bank of Japan monetary policy decision as well as the US PCE price index and weekly initial jobless claims data.

On the European side of things, there will be preliminary inflation numbers for July from France, Germany, Italy, and Spain before we get to the Eurozone estimate on Friday. These will be ones to watch in reaffirming whether the ECB has scope to move to the sidelines again in September.

To round things off on Friday, we’ll have the US labour market report and also trade headlines to watch out for with the 1 August deadline in focus. So, there’s going to be plenty before the weekend.

Oh, and did I not mention that all of this will be mixed with month-end trading flows in the next few days too? That will make it extra tricky to fully read into the market moves this week.