August 2023 EVENTS
- US ISM Manufacturing PMI (July) (August 1st at 15:00 GMT+1)
June's ISM Manufacturing PMI printed at 46.0. The consensus forecast for July is 46.5.
Possible influence: Volatile US Dollar, Gold and US Stocks
- Reserve Bank of Australia Interest Rate decision (August 1st at 03:30 GMT+1)
The RBA will meet to decide on interest rates. The current rate is 4.10%.
Possible Influence: Volatile Australian Dollar
- Bank of England Meeting (August 3rd at 12:00 GMT+1)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5%. It is expected to raise interest rates 25 basis points to 5.25%.
Possible Influence: Volatile British Pound and British Stocks
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (July) (August 4th at 13:30 GMT+1)
The Unemployment rate for June was 3.6%. It is expected to remain the same at 3.6% for July. Non-Farm Payrolls are expected to fall to 184,000 for July, lower than June’s figure of 209,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Inflation data in US (July) (August 10th at 13:30 GMT+1)
Core CPI (excluding food and energy) was 4.8%, Year-over-Year in June. July’s Core CPI is expected to fall to 4.6%, Year-over-Year. Top-line CPI for June came in at 3.0%, Year-over-Year and the forecast is a drop to 2.8%, Year-over-Year, in July.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Retail Sales in US (July) (August 15th at 13:30 GMT+1)
Retail Sales grew to 0.3%, Month-over-Month, in June, which was lower than expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- BRICS SUMMIT (August 22th to August 24th)
Brazil, Russia, India, China and South Africa (BRICS) will meet in South Africa. According to Aljezeera, President Putin was formally invited to the BRICS summit due to take place in Johannesburg between August 22 and 24, but Pretoria came under heavy domestic and international pressure not to host him. The 2023 BRICS summit is the fifteenth upcoming annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. South African President Cyril Ramaphosa also invited the leaders of 70 countries to the summit, including 53 other African Countries and Bangladesh.
- Company Earnings Season (August)
The latter of the 2nd Quarter earnings are reported throughout August. Companies that are expected to report include Moderna, Airbnb, Virgin Galactic, Palantir and Nvidia amongst others.
Possible Influence: Volatile US Stocks