Calendar: July 3 – July 7

Monday July 3

China Caixin Manufacturing Purchasing Managers Index (PMI). Also, Japan, UK and euro area manufacturing data.

(945 am) U.S. S&P Global Manufacturing PMI for June.

(10 am ET) U.S. ISM Manufacturing PMI.

(10 am ET) U.S. construction spending.

Also: June vehicle sales

Canadian markets closed for holiday

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Tuesday July 4

Germany trade surplus. Australia central bank monetary policy meeting.

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(930 am ET) Canada S&P Global Manufacturing PMI

U.S. markets closed for holiday

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Wednesday July 5

China, Japan, UK and Euro services PMIs. Also: Euro area producer prices and France industrial production data.

(10 am ET) U.S. factory orders. Consensus is a rise of 0.8%

(2 pm ET) U.S. FOMC Minutes from June 13-14 meeting.

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Thursday July 6

Euro area retail sales; Germany factory orders

(815 am ET) U.S. ADP National Employment Report for June. Consensus is for the creation of 240,000 jobs, easing a bit from May’s 278,000.

(830 am ET) Canada merchandise trade balance. A surplus of $1.5-billion is expected.

(830 am ET) U.S. initial jobless claims for last week.

(830 am ET) U.S. goods and services trade deficit.

(945 am ET) U.S. S&P Globe & Services/Composite PMI for June.

(10 am ET) U.S. ISM Services PMI

(10 am ET) U.S. job openings and labor turnover survey.

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Friday July 7

Germany industrial production and Italy retail sales reports for May.

(830 am ET) Canada employment report for June. Consensus is for net job gains of 20,000 people, with the unemployment rate holding steady at 5.2%. Average hourly wages are expected to be up 4.9%.

(830 am ET) U.S. nonfarm payrolls for June. Consensus is for net job gains of 225,000, slowing from May’s 339,000. The unemployment rate is expected to be down one notch to 3.6%. Average hourly earnings are expected to be up 4.2% from a year ago.

(10 am ET) Canada Ivey PMI

(10 am ET) Global Supply Chain Pressure Index.

Earnings include: Aritzia Inc.