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ADP nonfarm payrolls. USA, 14:15 (GMT+2) 31 Jul

31Jul.202413:15

ADP nonfarm payrolls. USA, 14:15 (GMT+2)

At 14:15 (GMT+2), the US will publish the Automatic Data Processing (ADP) Nonfarm Payrolls data for July. It reflects changes in the number of jobs in the nonfarm sector based on a survey of about 400K business sources. The indicator is considered a leading indicator for the federal employment data. The value may change from 150.0K to 166.0K.

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Gross domestic product. Canada, 14:30 (GMT+2)
31 Jul. 2024 13:30
Gross domestic product. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), data on Canada’s gross domestic product (GDP) is due. It is the main indicator reflecting the state of the national economy and taking into account domestic consumption, investment, government spending, and exports. It may decrease from 0.3% to 0.2% MoM.

Crude oil inventories. USA, 16:30 (GMT+2)
31 Jul. 2024 15:30
Crude oil inventories. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will present a weekly report containing data on changes in the volumes of crude oil, as well as gasoline and distillates in the country. A correction from –3.741M barrels to –2.600M barrels is expected, supporting oil prices.

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