U.S. service industries, which account for almost 90 percent of the nation’s economy, expanded at a faster pace in July than in June, data in the coming week are likely to indicate.
Bank of Japan Governor Haruhiko Kuroda will probably comment on the outlook for his economy and prospects for higher wages at a news conference after policy makers meet. In London, Bank of England Governor Mark Carney will take questions from the press for the first time since taking office last month.
Hassan Rohani will be inaugurated as Iran’s president, potentially leading to a new phase in the country’s relations with western nations and neighbors over its nuclear program.
SATURDAY, AUG. 3
--U.S. governors meet. Governors Jerry Brown of California, Tom Corbett of Pennsylvania and Steven Beshear of Kentucky are among state leaders gathering for a third day at the National Governors Association summer meeting as local governments seek ways to boost employment and begin to put in place the U.S. Affordable Care Act. 09:00 in Milwaukee (10:00 EDT). Through August 4.
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