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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: ADP report, services ISM

07:42 4 August 2021
  • European market set to open higher

  • US ADP report and services ISM on the agenda

  • Uber, Electronic Arts and General Motors to report earnings

Futures markets point to a higher opening of today's European cash session, following gains made by Asian indices overnight. There are two major data releases scheduled for today, both in the afternoon. US ADP employment report for July at 1:15 pm BST will serve as a final hint ahead of NFP data releases on Friday. Report is expected to show 700k jobs addition. Less than two hours later, US services ISM data will be released. While services PMIs have been moving lower in July, ISM data is expected to show small improvement.

When it comes to earnings, investors will be offered reports from companies like Uber or Electronic Arts.

8:15 am BST - Spain, services PMI for July. Expected: 63.4. Previous: 62.5

8:45 am BST - Italy, services PMI for July. Expected: 58.4. Previous: 56.7

8:50 am BST - France, services PMI for July (final). First release: 57.0

8:55 am BST - Germany, services PMI for July (final). First release: 62.2

9:00 am BST - Euro area, services PMI for July (final). First release: 60.4

9:30 am BST - UK, services PMI for July (final). First release: 57.8

10:00 am BST - Euro area, retail sales for June. Expected: 1.8% MoM. Previous: 4.6% MoM

1:15 pm BST - US, ADP employment report for July. Expected: 700k. Previous: 692k

2:45 pm BST - US, services PMI for July (final). First release: 59.8

3:00 pm BST - US, services ISM index for July. Expected: 60.4. Previous: 60.1

3:30 pm BST - DOE report on oil inventories. Expected: -3.1 mb. Previous: -4.09 mb

Top US earnings reports

  • Booking Holdings (BKNG.US) - after market close

  • CVS Health (CVS.US) - before market open

  • Electronic Arts (EA.US) - after market close

  • Etsy (ETSY.US) - after market close

  • Fox Corporation (FOXA.US) - after market close

  • General Motors (GM.US) before market open

  • Macerich (MAC.US) - before market open

  • Marathon Oil (MRO.US) - after market close

  • Roku (ROKU.US) - after market close

  • Kraft-Heinz (KHC.US) - before market open

  • Uber Technologies (UBER.US) - after market close

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