Thursday is jobs day in the U.S., but key central bank announcements in Europe will likely dominate headlines.
Here's what you need to know.
- Australia starts things off at 9:30 p.m. on Wednesday evening with its trade balance. Economists forecast it widened to 500 million AUD in May.
- Hong Kong PMI follows at 10 p.m. There is no consensus for the June report, which last read at 49.4.
- Announcements go quiet until 3:30 a.m. on Thursday morning, when Swedish service production hits. Economists see a 0.4 percent decline year-on-year in May.
- German factory orders will be announced at 6:00 a.m. Forecasts are for a flat reading in May, representing a 6.0 percent year-on-year contraction.
- Irish industrial production is also scheduled for 6:00 a.m. There is no consensus for the May report.
- At 7:00 a.m., the Bank of England will announce any changes to its asset buying program, which economists project will be expanded by £50 billion to £375 billion. Interest rates are expected to remain unchanged at 0.5 percent.
- Attention shifts to the U.S. at 7:30 a.m., with the Challenger Layoffs report for June.
- The ECB will release planned interest rate changes at 7:45 a.m. Economists forecast the central bank will lower rates 25 basis points to 0.75 percent.
- The ADP Jobs Report hits at 8:15 a.m., with expectations for the private sector to have expanded by 100,000 positions during the month.
- At 8:30 a.m., the initial jobless claims report will be released. Consensus is for a slight decline week-on-week, to 385,000 first time filers.
- Closing out the day at 10:00 a.m. is the June ISM Services report. Economists forecast the index declined 70 basis points to 53.
There are no major earnings announcements scheduled for the day.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.
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