Market Overview: Economic Calendar Summary (Week of August 3, 2026)

Key Highlights

The past week was marked by significant meetings from major central banks, including the Federal Reserve, the Bank of England, and the Bank of Japan, all of which decided to maintain their current interest rates. The Federal Reserve's decision was particularly noteworthy, as the market had anticipated more explicit guidance from the Fed Chair, leading to a sell-off of the US dollar.

Upcoming Economic Data

This Friday, the Non-Farm Payroll (NFP) data from the US labor market will be released, which is expected to be the most significant macroeconomic reading of the week. In addition, other labor market data will be published throughout the week, including:

• JOLTS (Tuesday)
• ADP Employment Report (Wednesday)
• Weekly Jobless Claims (Thursday)

Corporate Earnings Highlights

The earnings season is underway, with several notable companies reporting this week:

• Monday: Palantir, Snap, Trump Media & Technology, ON Semiconductor
• Tuesday: AMD, Lucid Group, Pfizer, SpaceX, Spotify, McDonald's
• Wednesday: Walt Disney, Shopify, Uber, Beyond Meat, Eli Lilly, SanDisk
• Thursday: Airbnb
• Friday: Under Armour, Take-Two Interactive, Wendy's

Macroeconomic Publications

Following a week filled with central bank meetings, the upcoming week is expected to be quieter in terms of monetary policy adjustments, with only the Czech National Bank meeting on Thursday, likely without any changes to interest rates.

Key macroeconomic publications include revisions of PMI indicators, which are expected to have a modest impact on market volatility. Notably, China's RatingDog PMI for July showed a surprising decline, indicating potential challenges for small and medium-sized enterprises in the manufacturing sector.

Global Economic Indicators

In Switzerland, inflation fell to 0.4% in July, primarily due to a decrease in fuel prices. The core inflation rate remains low at 0.3%, suggesting that an interest rate hike is not anticipated in the near term.

Market Trends to Watch

Three key markets to monitor this week include:

• USD/JPY: The USD/JPY pair experienced a significant drop, reaching levels around 156, following substantial intervention by the Bank of Japan.
• Oil: Brent crude prices have decreased to just over $83 per barrel, influenced by geopolitical tensions that were ultimately diffused.
• EUR/USD: The dollar continues to face downward pressure, with upcoming economic data expected to further influence its trajectory.