Macro Calendar - Tariffs and Labour Market Data Day

07:12 1 August 2025

Today is a key day for financial markets. Firstly, the US has announced reciprocal tariffs on most economies, although with the exception of Canada, the tariffs will not take effect for seven days. In addition, as it is the first day of the month, we will see a number of macroeconomic releases, including crucial data from the US labour market. Earlier, Europe will provide a series of PMI readings and preliminary CPI inflation figures from the Eurozone.

Macro Calendar (BST):

  • 08:00 AM Poland - Manufacturing PMI for July (forecast: 45.8; previous: 44.8)

  • 08:15 AM Spain - Manufacturing PMI for July (forecast: 51.5; previous: 51.4)

  • 08:50 AM France - Manufacturing PMI for July (forecast: 48.4; previous: 48.1)

  • 08:55 AM Germany - Manufacturing PMI for July (forecast: 49.2; previous: 49)

  • 09:00 AM Eurozone - Manufacturing PMI for July (forecast: 49.8; previous: 49.5)

  • 10:30 AM UK - Manufacturing PMI for July (forecast: 48.2; previous: 47.7)

  • 10:00 AM Eurozone - Preliminary CPI inflation for July (forecast: 1.9% y/y; previous: 2.0% y/y)

  • 10:00 AM Eurozone - Preliminary Core CPI inflation for July (forecast: 2.2% y/y; previous: 2.3% y/y)

  • 01:30 PM USA - NFP employment change for July (forecast: 110k; previous: 147k)

  • 01:30 PM USA - Unemployment Rate (forecast: 4.2%; previous: 4.1%)

  • 01:30 PM USA - Wages (forecast: 3.8% y/y and 0.3% m/m; previous: 3.7% y/y and 0.2% m/m)

  • 03:00 PM USA - ISM Manufacturing Index for July (forecast: 49.5; previous: 52.9)

  • 03:00 PM USA - Consumer Confidence Index (forecast: 61.9; previous: 60.7)

Earnings calendar:

  • Exxon Mobile (before session)
  • Chevron (before session)

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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