Economic calendar: Focus on ISM manufacturing data

Markets rise as investors hope for central banks’ action
US ISM expected to drop but hold above expansion-contraction threshold
RBA may cut rates overnight

Risky assets rebound on Monday morning on hopes that global central banks will step in and provide additional stimulus. Markets are almost pricing a 50 bps Fed rate cut at the March 18 meeting. PMI data for February will be released throughout the European trading session but as these will be final release, no major market reaction is expected. US ISM is the key point of the US session while RBA rate decision will be closely watched during the next Asian session.

8:55 am GMT - Germany, manufacturing PMI for February (final). Preliminary release: 47.8 pts

9:00 am GMT - Euro area, manufacturing PMI for February (final). Preliminary release: 49.1 pts

9:30 am GMT - UK, manufacturing PMI for February (final). Preliminary release: 51.9 pts

2:45 pm GMT - US, manufacturing PMI for February (final). Preliminary release: 50.8 pts

3:00 pm GMT - US, ISM manufacturing for February. The US ISM release is a key point in today’s calendar. When it comes to the US, this measure is more closely watched than PMIs. February’s reading will show an extent to which production freeze in China spilled over to the United States. A reading is expected to show a drop from 50.9 to 50.4 pts.

Asian session

3:30 am GMT - RBA rate decision

22 July 2026, 8:33 AM

Economic Calendar: Time for Tesla and Google Earnings (22.07.2026)

22 July 2026, 7:30 AM

Morning Wrap: AI companies and gold back in favour? (22.07.2026)

21 July 2026, 8:11 AM

Economic calendar: Strong reading from the UK labour market, German ZEW in focus

21 July 2026, 6:42 AM

Morning wrap: Indices Look for a Rebound Amid the U.S.-Iran Conflict (21.07.2026)

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days