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        Weekly Economic Perspectives

        Big Swings in US Non-Manufacturing ISM Employment

        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        The Economy

        • Mixed details behind the big headline beat in US non-manufacturing ISM.
        • The BoC leaves policy rate steady.
        • UK services sector contracts.
        • Flat consumption weighs on eurozone Q2 GDP.
        • The BoJ steps up communications on negative rates.
        • Aussie Q2 GDP boosted by exports.

        Our latest thought leadership piece reassesses Europe’s macroeconomy and its investment landscape. Know more.

        Spotlight On Next Week

        • Uptick in US headline inflation will prove temporary; core disinflation continues.
        • UK’s unemployment rate may tick up.
        • The ECB is likely to hold steady.
        • Australia’s employment gains may disappoint.
        Read Full Commentary

        More on Weekly Market Update

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