Monday's recap is here! Together, let's recap what happened last week, and what we'll be watching for in the current week.
EUR
We got a solid batch of PMI data from the Eurozone during the week, from which we could see that the services data was mostly positive. But mostly services are benefiting from the Olympics in France, so this may not be as sustainable as it first looks.
On Friday, we got data from the labour market, which was rather negative. The number of persons employed in the euro area increased by 0.2 % in the three months to June 2024 compared to the previous quarter, confirming the preliminary estimate and matching the market's initial expectations. This growth was slightly lower than the 0.3% increase recorded in the first quarter. In annual terms, employment slowed to 0.8 % in the second quarter from 1 % in the previous period.
What's in store for us this week?
Monday: GDP in Japan
Tuesday: UK labour market, German inflation, Czech inflation
Wednesday: UK GDP, US inflation rate
Thursday: PPI index in Japan, Spanish inflation, US welfare claims and PPI, ECB meeting
Friday: French inflation rate
Sources:
English 
Czech 
Polish