Key central banks are on the slate, including the ECB, BoJ and the PBoC’s LPR setting; in EMs, the SARB, CBRT and CBR will be in focus. Elsewhere, flash PMI data for July will be released.
US June NFP due July 8th at 13:30BST/08:30EDT
The rate of payrolls growth is expected to cool again in June, but once again, traders will be paying close
attention to the wage metrics within the data to help shape expectations about whether the Fed will raise rates
by either a 50bps or a 75bps increment at the July FOMC meeting.
Fed hiked 75bps to 1.50-1.75% target range after troubling inflation data catalysed a late hawkish shift. Minutes gauged for colour around future hike increments (50/75bps for July) and whether there was appetite for a 100bps hike in June.