Weekly Market Outlook (05-09 August) ...Middle East

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Weekly Market Outlook (05-09 August)
UPCOMING EVENTS:Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed’s SLOOS.Tuesday: Japan Average Cash Earnings, RBA Policy Decision, Swiss Unemployment Rate and Retail Sales, Eurozone Retail Sales, Canada Services PMI. Wednesday: New Zealand Labour Market report, BoC Minutes.Thursday: BoJ Summary of Opinions, US Jobless Claims.Friday: China CPI, Canada Labour Market report.MondayThe US ISM Services PMI is expected at 51.0 vs. 48.8 prior. This survey hasn't been giving any clear signal lately as it’s just been ranging since 2022. The latest S&P Global US Services PMI rose to the highest level in 28 months. The good news in the report was that “the rate o

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