Economics

Key Economic Events for Today

Today's economic agenda features final manufacturing PMIs for major Eurozone economies and the UK, alongside Switzerland's CPI report. Market reactions are expected to be muted, with broader attention on geopolitical developments and upcoming US economic data.

Focus on Manufacturing PMIs and Inflation Reports

TradingBase News Intelligence

06:25 AM · Updated 07:36 AM · 1 min read

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ContentsSummary Article European Session American Session Context & watchlist Ask AI

Executive summary

European Session

In the European session, final manufacturing PMIs for major Eurozone economies and the UK will be released. However, these figures are not anticipated to influence central bank policies significantly, leading to a likely muted market reaction. Additionally, the Swiss CPI report is expected to indicate a yearly inflation rate easing to 0.4%. The Swiss National Bank (SNB) is projected to maintain its current stance until the end of 2027 unless there are significant changes in the inflation outlook. Consequently, today's data is unlikely to be market-moving, with the primary focus remaining on developments related to the US-Iran situation and the upcoming US CPI report due on August 14.

American Session

In the American session, the highlight will be the US ISM Manufacturing PMI, with expectations set at 53.9 compared to the previous 53.3. Recent S&P Global US PMIs indicated a slight weakening in manufacturing growth, attributed to diminishing stock building from prior months. July's data revealed a concerning rise in supply chain delays and a renewed increase in price pressures, which are expected to constrain growth and dampen demand. The ongoing conflict in the Middle East is likely to exacerbate these supply chain issues and heighten downside risks to the near-term economic outlook.

Market impact

This article presents verified public information. Price reaction depends on liquidity and what was already priced in — no directional call is made here.

Institutional framing

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Market watch

Track the economic calendar at Economic Calendar, price action at Markets, and signals at Signals.

NIC · Impact scores

Global: 97 · Market: 100 · Urgency: 60 · Confidence: 90 · Bullish

Themes: inflation, rates, geopolitics

Asset impact

EUR — Bullish (67) · EUR leans bullish based on headline/body drivers.
AUD — Bullish (67) · AUD leans bullish based on headline/body drivers.
US Stocks — Bullish (67) · US Stocks leans bullish based on headline/body drivers.
Forex — Bullish (67) · Forex leans bullish based on headline/body drivers.
Indices — Bullish (67) · Indices leans bullish based on headline/body drivers.

Market reaction

EURUSD: 1.1538499999999998 → 1.1538499999999998 (0%) · T-15m / T0 / T+15m / T+60m
AUDUSD: Price snapshot pending · T-15m / T0 / T+15m / T+60m
SPX: Price snapshot pending · T-15m / T0 / T+15m / T+60m
FX: Price snapshot pending · T-15m / T0 / T+15m / T+60m
US30: Price snapshot pending · T-15m / T0 / T+15m / T+60m

Trading insight

Analysis only. Not a trade signal. Not investment advice. No Entry/TP/SL is generated by NIC.

Scenarios

Continuation if confirmation holds after the news window.
Whipsaw risk is elevated inside the first 15–60 minutes after release.
Watch correlated assets for confirmation rather than reacting to the headline alone.