Here are some of the important economic data that will be the focus of the market throughout this week.
European Manufacturing & Services PMI data (Tuesday 4.00 PM): Heading into the final week of the month, economic sector data will be in focus for investors to assess. The reading of the German economic sector data is about to be noticed with forecast figures that are still gloomy due to the various pressures that are still crushing Europe.
UK Manufacturing & Services PMI data (Tuesday 4.30 PM): Next, the UK manufacturing and services sector data release follows which is also expected to be gloomy, but is still above a stable level.
US Manufacturing & Services PMI data (Tuesday 9.45 PM): The manufacturing and services sectors in the United States are expected to record a recovery to signal positive economic expansion after key data published earlier were also encouraging.
Minutes of the European Central Bank Meeting (Thursday 7.30pm): Investors will be looking at more details of the European Central Bank (ECB) policy meeting in the minutes published to assess the indications of the latest monetary policy setting.
US Gross Domestic Product Data (Thursday 8.30pm): The second reading for the US economic growth data for the second quarter will be on the market's eye to assess any changes to the previous reading.
Jackson Hole Symposium (Friday): The annual focal event once again graces the economic calendar in August. The Jackson Hole symposium will be attended by important individuals in the world of global finance, involving governors, finance ministers, central bank officials and others and the topics discussed will be monitored by the market.
US Consumer Personal Expenditure Index (Friday 8.30pm): Giving an indication of the rate of inflation, data that measures changes in the prices of goods and services in the United States will be examined. After the consumer price index data decreased, the reading of this data is also expected to decrease.
