It’s the peak stretch of second-quarter earnings season, with roughly 150
firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday.
Wednesday’s earnings highlights will be
Thursday will bring results from Alibaba Group Holding, Block,
Warner Bros. Discovery
close the week on Friday.
Economic data out this week will include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for July on Monday, followed by the Services
on Wednesday. Both measures of activity are seen declining from June.
On Tuesday, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for June. Then, on Thursday, the Bank of England will announce a monetary-policy decision. An interest-rate hike is likely to be in store.
Finally, the highlight of the week will be the Bureau of Labor Statistics’ jobs report for July on Friday morning. Economists’ consensus calls for growth of 250,000 nonfarm payrolls and for the unemployment rate to remain at 3.6%.
Devon Energy, Global Payments,
Simon Property Group, and
Cos. report earnings.
The Census Bureau reports construction…