review the upcoming economic events that you should be monitoring during the week.

As the new month unfolds there are a lot of major data events scheduled for the week.

Earnings will begin to tone down as most of the majors have released their data.

The week kicks off on Saturday with China’s National Bureau of Statistics releasing Purchasing

Managers index gauges for both the services and manufacturing sectors. The private sector

Caixin manufacturing PMI is released on Monday with the services index on Wednesday.

Also in Asia this week there are a few significant events including the RBA meeting on Tuesday.

The majority of economists expect no change to interest rates although the accompanying

statement will be looked at very closely to garner clues about future rate moves.

The first week of August's will see two keenly watched economic releases, one on each side

of the Atlantic. The Bank of England's policy announcement on Thursday, meeting minutes

from the Monetary Policy Committee and the latest Inflation Report will for the first

time all be released simultaneously. Friday's jobs data is expected to show the

U.S. economy created 222,000 new jobs in July. Also, the unemployment rate is expected to

hold steady at 5.3 percent. Investors will be keeping an eye on the job growth numbers

as the U.S. Federal Reserve chief Janet Yellen has made it clear she's looking out for "some"

improvement in the job market before voting for the first Fed interest rate rise in nearly

a decade. On Wednesday, the ADP National Employment

Report is likely to show U.S. private employers added 215,000 jobs in July, down from a previous

month's 237,000 jobs. Also, next week's focus will be on Wednesday's data on services sector

growth, business activity index and employment index from the Institute for Supply Management.

Separately, on Tuesday, the Commerce Department's figures on new orders for manufactured goods

is expected to have increased 1.8 percent in June after a drop of 1.0 percent in May.