What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
When? At 8:30am Eatern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
When? At 9:30pm Eatern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.
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WELCOME, In 2017, regular jobs places are limited, most of the income comes from online businesses.
1. (Reuters) - Wall Street fell in morning trading on Thursday as strong U.S. economic data increased the likelihood that the Federal Reserve would raise interest rates in September, rather than later in the year.
U.S. retail sales rebounded in July. The four-week moving average of weekly jobless claims fell to its lowest since April 2000, pointing firmly to a tightening jobs market.
2. (Reuters) - Coca-Cola Co (N:KO) named James Quincey chief operating officer, and said company veteran Ahmet Bozer, who had been seen as a possible successor to Muhtar Kent as CEO, would be leaving.
3. BERLIN (Reuters) - While Chancellor Angela Merkel's focus on careful spending as a cure for the euro zone's debt problems has made her popular at home, German consumers are borrowing more to finance everything from furniture to cars.
4. Investing.com - Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies rose more than expected last week.
Natural gas for delivery in September on the New York Mercantile Exchange dropped 8.5 cents, or 2.88%, to trade at $2.847 per million British thermal units during U.S. morning hours. Prices were at around $2.912 prior to the release of the supply data.
5. ATHENS (Reuters) - Greece's ruling Syriza party edged toward a formal split on Thursday, hours before rebel leftist lawmakers plan to vote against a new bailout deal to keep the country afloat.
With opposition support, the government is asking parliament to approve a 85 billion euro bailout deal that Greece needs to avoid defaulting on a debt repayment next week.
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Another day, another devaluation for the Chinese yuan.
But investors are not freaking out like earlier in the week.
1) All eyes on China
The Chinese currency dropped again versus the U.S. dollar, but the central bank is rushing to calm fears about the yuan's more than 3% tumble over the past three days.
The central bank said Thursday that it expects the currency to stabilize, and that circumstances no longer call for continued depreciation.
China's government has in the past tightly controlled the yuan, but now it's trying to allow market forces to play a larger role in setting the value of the currency.
2) Stock Market rebound
The yuan's recent, unexpected moves frightened traders. Many hit the "sell button." But now people have calmed down.
U.S. stock futures are pointing up Thursday. European markets are making big advances in early trading and all Asian markets closed with gains.
"Fears of [a] Chinese economic meltdown appear to have been allayed for the time being," said Augustin Eden, a research analyst at Accendo Markets.
3) Earnings
Kohl's (KSS), Dillard's (DDS), Coty (COTY) and Nestle (NSRGY) are reporting earnings before the market opens.
This afternoon, a handful of companies, including Nordstrom (JWN), will report after the market closes.
4) Stock market movers
News Corp. and Cisco: Shares in News Corp (NWS) and Cisco (CSCO, Tech30) are expected to surge by about 4% at the open on the back of well-received earnings, which came out Wednesday evening.
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1) BEIJING (Reuters) - Alibaba's shares skidded to a record low in New York on Wednesday after China's biggest e-commerce company posted its slowest revenue growth in over three years.
2) NEW YORK (Reuters) - Boeing Co (N:BA) sees continued strong demand for civilian aircraft and pressure to increase its production rates, despite concerns about growth in China and several years of record aircraft orders.
3) Investing.com - The dollar tumbled over 1% to one-month lows against the other major currencies on Wednesday, as markets were still digesting news that China devalued its currency for the second consecutive day.
4) ATHENS/BRUSSELS (Reuters) - The European Union moved to keep Greece on a tight rein after its latest bailout, with sources saying the 85 billion euro ($94.83 billion) deal will be reviewed by lenders in October and any discussion of debt relief will only come at a later stage.
5) Investing.com - West Texas Intermediate oil trimmed gains on Wednesday, after data showed that oil supplies in the U.S. fell less than expected last week.
Crude oil for delivery in September on the New York Mercantile Exchange tacked on 20 cents, or 0.46%, to trade at $43.28 a barrel during U.S. morning hours. Prices were at around $43.52 prior to the release of the inventory data.
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What is it? Greek Parliament will vote to decide if the measures in the third bailout program will be implemented.
When? Tentative
Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!
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What is it? It's a leading indicator of economic health - production is the dominant driver of the economy and reacts quickly to ups and downs in the business cycle.
When? At 1:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.
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What is it? It's the first indication of the employment situation, released a month earlier than the Unemployment Rate. Source changed series calculation formula as of Jun 2015.
When? At 1:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.
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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.
When? At 1:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.
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All major global stock markets are sinking right now and U.S. stocks are set to open with significant losses.
Brace yourself, and read this.
1) That sinking feeling
U.S. stock futures are all declining by about 1% and nearly every major stock market index in Europe and Asia is lower by roughly 1% to 3%.
Investors seem to be reacting to the yuan's slide against the U.S. dollar, which is creating uncertainty about global trade dynamics.
Many other emerging market currencies are declining across Asia, with the Indian rupee down about 1% to a two-year low versus the U.S. dollar.
On Tuesday, the Dow Jones industrial average lost 212 points, closing 1.2% lower. The S&P 500 also dropped 1% and the Nasdaq shed 1.3%.
2) Oil at a six-year low
Crude oil futures are trading around a six-year low after posting a big drop Tuesday.
Crude settled at $43.08 per barrel on Tuesday, but the price has since recovered a bit.
The U.S. government is reporting crude oil inventories data at 10:30 a.m. ET, which could move prices again.
3) Earnings
Macy's (M) and Alibaba (BABA, Tech30) are among the companies reporting quarterly earnings before the opening bell.
Cisco (CSCO, Tech30) and Rupert Murdoch's News Corp (NWS) will report after the close.
4) Stock market mover
Fossil, Apple: Shares in Fossil (FOSL) were dropping by just over 7% in extended trading as investors react to the latest quarterly figures released on Tuesday afternoon.
Apple (AAPL, Tech30) shares are also dipping by about 2%.
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What is it? Although this data is extremely late relative to retail data from other countries, it's the primary gauge of consumer spending and tends to create hefty market impact. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
When? At 6:45pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
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What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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Successful trading depends on selecting the right strategy.
1. Google (NASDAQ:GOOGL) Inc's overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose.
2. Gold prices rallied to a three-week high on Tuesday before paring some of those gains as investors assessed the implications of China's move to devalue its currency by the most in two decades.
3. U.S. stocks fell in early trading on Tuesday in a broad-based retreat as China's surprise devaluation of the yuan pushed the dollar higher and pressured commodity-related shares.
4. Crude oil futures tumbled on Tuesday, after the Organization of the Petroleum Exporting Countries said it pumped the most crude in more than three years last month, adding to concerns over a glut in global supplies.
5. The euro rose to one-and-a-half week highs against the dollar on Tuesday after an unexpected devaluation of the yuan by China’s central bank prompted investors to unwind euro-funded positions on the Chinese currency.
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