Economic calendar: US jobs data in the spotlight!

7:47 AM 4 August 2023
  • European indices set to open higher
  • Jobs data from US and Canada
  • Amazon jumps 8% after earnings, Apple drops 2%

European index futures point to a higher opening of the cash session on the Old Continent today. This comes after an upbeat trading earlier today in Asia, where the majority of indices from the region gained. Nasdaq-100 futures (US100) traded higher after Amazon rallied 8% in the afterhours, following a strong earnings release. Solid performance of Amazon outshined a 2% drop Apple shares experienced in after-hours following disappointing iPhone sales forecast.

Economic calendar for the European morning session is light with just Spanish industrial production and European retail sales data for June scheduled. However, things get more interesting in the evening as jobs reports from North America will be released. NFP report for July will be released at 1:30 pm BST and is expected to show a 200k increase. Canadian jobs report will be released simultaneously and is expected to show a 22k jobs increase.

8:00 am BST - Spain, industrial production for June. Expected: -1.8% YoY. Previous: -0.1% YoY

10:00 am BST - Euro area, retail sales for June. Expected: -1.7% YoY. Previous: -2.9% YoY

1:30 pm BST - US, NFP report for July.

  • Non-farm payrolls. Expected: +200k. Previous: +209k 
  • Unemployment rate. Expected: 3.6%. Previous: 3.6%
  • Wage growth. Expected: 4.2% YoY. Previous: 4.4% YoY

1:30 pm BST - Canada, jobs report for July.

  • Employment change. Expected: +22k. Previous: +59.9k
  • Unemployment rate. Expected: 5.5%. Previous: 5.4%

Central bankers' speeches

  • 12:15 pm BST - BoE Pill

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