U.S. service providers probably expanded in July at about the same pace as a month earlier, when they posted the second-strongest reading since August, a report in the coming week may show.
U.S. President Barack Obama hosts African leaders for a three-day summit to discuss topics including trade, investment and security.
Six states hold primaries, with three U.S. senators campaigning to keep their seats.
Companies releasing earnings include American International Group Inc. (AIG), HSBC Holdings Plc (HSBA), Itau Unibanco Holding SA, News Corp. (NWS), Time Warner Inc. (TWX) and Toyota Motor Corp. (7203)
SATURDAY, AUG. 2
-Pro Football Hall of Fame induction ceremony. 19:00 EDT in Canton, Ohio.
SUNDAY, AUG. 3
-ECONOMY: China Non-manufacturing PMI (CPMINMAN) (July).
MONDAY, AUG. 4
-U.S.-Africa Leaders Summit. President Barack Obama hosts African leaders for a three-day summit to discuss topics including trade and investment, security, and democratic governance. Obama will speak to the U.S.-Africa Business Forum at 14:45 EDT tomorrow, followed by a dinner at the White House for African leaders. The president holds a closing press conference at 17:00 on Wednesday, Aug. 6. In Washington. Click here for full schedule.
-Thailand’s junta chief, Prayuth Chan-Ocha, is expected to appoint the members of his country’s new National Legislative Assembly, which will be tasked with picking a prime minister, following the May 22 coup. The junta will maintain absolute authority over the assembly and prime minister. Timing to be determined.
-SEC seeks penalties from Michaels Stores Inc. founder Samuel Wyly and his brother’s estate. A non-jury trial begins to determine the size of the penalty the Wylys will have to pay after a jury in May found them liable for hiding their ownership of shares in companies on whose boards they sat and for evading trading limits. 10:00 in U.S. District Court in Manhattan.
-Revel casino resort auction bid deadline. Potential buyers of Revel AC Inc.’s Atlantic City, New Jersey, casino must submit bids by today. The resort has entered bankruptcy twice and New Jersey’s gambling revenue has fallen more than 40 percent since 2006. U.S. Bankruptcy Court in Camden, New Jersey. Time to be determined.
-U.S. government bond auctions, Fed debt purchases. Click here for weekly schedule.
-CENTRAL BANKS: Bank of Japan monetary base (July).
TUESDAY, AUG. 5
-U.S. service providers from construction firms to retailers probably expanded in July at about the same pace as a month earlier, according to a Bloomberg survey. In June, the Institute for Supply Management’s non-manufacturing gauge posted the second-strongest reading since August. Services account for about 90 percent of the U.S. economy. 10:00 in Washington.
-U.S.-Africa Business Forum. Bloomberg Philanthropies and the U.S. Department of Commerce co-host a gathering of African government leaders and multinational company chief executive officers. Speakers include President Obama, U.S. Secretary of Commerce Penny Pritzker and former New York City Mayor Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. Moderators include former President Bill Clinton and Donald Kaberuka, president of the African Development Bank. The business forum is part of the White House’s U.S.-Africa Leaders Summit. Starts at 07:30, Mandarin Oriental Hotel, Washington. Click here for full schedule.
-U.S. Congressional primaries. Six states hold primaries this week, including races where three senators are running to keep their seats: Republican Pat Roberts of Kansas on Aug. 5; Republican Lamar Alexander of Tennessee on Aug. 7; and Democrat Brian Schatz of Hawaii on Aug. 9. Primaries will also be held in Michigan, Missouri and Washington state. Click here for poll closing times in each state.
-The Reserve Bank of Australia will probably leave its benchmark interest rate at a record-low 2.5 percent for a 12th month as policy makers aim to rebalance the economy away from mining investment. 13:30 in Sydney (08/04 23:30 EDT).
-Scottish First Minister Alex Salmond, who’s pushing for a vote in favor of independence from the U.K. in a Sept. 18 referendum, holds a televised debate with Alistair Darling, the former British chancellor of the exchequer, who heads the campaign for a “no” vote. Opinion polls show the “no” campaign in the lead. Starts 20:00 in Glasgow (15:00 EDT).
-The Australian Cotton Conference takes place in Brisbane. Scheduled speakers include Sunny Verghese, founder and CEO of Olam International Ltd., and Thomas Reinhart, a director of Paul Reinhart AG, a Swiss-based cotton merchant. Australia is the world’s third-biggest cotton exporter. 10:30 (08/04 20:30 EDT). Through 08/07.
-ECONOMY: U.S. factory orders (June), HSBC China Services PMI (July), HSBC China Composite PMI (July), Indonesia GDP (IDGDPY) (second quarter), South Africa PMI (July), euro-area services PMI (July), euro-area retail sales (June), U.K. services PMI (July), UBS Swiss real estate bubble index (second quarter).
-EARNINGS: Walt Disney Co. (DIS), Groupon Inc. (GRPN), Coach Inc. (COH), Itau Unibanco Holding SA, Toyota Motor Corp., Cochlear Ltd. (COH), Wynn Macau Ltd. (1128), MGM China Holdings Ltd. (2282), Suntory Beverage & Food Ltd. (2587), Credit Agricole SA (ACA), Bayerische Motoren Werke AG, UniCredit SpA (UCG), Telecom Italia SpA. (TIT)
WEDNESDAY, AUG. 6
-The U.S. trade deficit was probably little changed in June from a month earlier when the gap ballooned to its widest in two years amid record imports of consumer goods, cars and business equipment. The Commerce Department in Washington issues the figures at 08:30.
-U.S. debt sales. The Treasury makes its quarterly refunding announcement, including the size of auctions of its three-, 10-and 30-year securities, as well as any changes the department may be considering to help fund the government. 08:30 in Washington.
-U.S. Defense Secretary Chuck Hagel departs on a trip to Europe, Asia and Australia, including a visit to the U.S. military base in Stuttgart, Germany, and meetings with defense officials in New Delhi. In Sydney, Hagel and Secretary of State John Kerry will meet with their Australian counterparts. Dates and times not specified.
-ECONOMY: New Zealand employment (second quarter), German factory orders (June), Italian GDP (ITPIRLQS) (second quarter), Italian industrial production (June), Greek CPI (GKCPIUHY) (July), U.K. industrial production (June), Swiss CPI (SZCPIYOY) (July).
-EARNINGS: Time Warner Inc., Chesapeake Energy Corp. (CHK), Viacom Inc. (VIA), Prudential Financial Inc. (PRU), Oi SA (OIBR3), Copa Holdings SA (CPA), Genting Singapore Plc (GENS), Asahi Group Holdings Ltd. (2502), Kirin Holdings Co. (2503), Hong Kong Exchanges and Clearing Ltd., ING Groep NV (INGA), Standard Chartered Plc (STAN), Swiss Re AG. (SREN)
THURSDAY, AUG. 7
-ECB policy decision. The ECB will probably keep interest rates unchanged after cutting its benchmark to a record low, introducing a negative deposit rate and announcing targeted loans to stimulate lending. The decision will be announced at 13:45 CET in Frankfurt (07:45 EDT) and President Mario Draghi will hold a press conference 45 minutes later.
-Bank of England policy decision. The Monetary Policy Committee last month kept the benchmark interest rate at a record-low 0.5 percent after its two-day meeting. The minutes from the meeting showed some members saw a lower risk that a rate increase may undermine the recovery. 12:00 in London (07:00 EDT).
-Colombian President Juan Manuel Santos is sworn in for his second four-year term as he pledges to reach a peace accord with Marxist guerrillas. Brazilian President Dilma Rousseff is among the heads of state attending. Time to be announced.
-Cambodia’s high court hands down a verdict in the genocide trial of the two highest-ranking surviving officials of the Khmer Rouge regime that brutalized the country between 1975 and 1979. Nuon Chea, 88, and Khieu Samphan, 83, are accused of overseeing the murder of as many as 500,000 mostly ethnic Cham Muslims. They also face charges related to the deaths of as many as 2 million people through overwork, starvation and execution during the Khmer Rouge’s five-year hold on the country. 09:00 in Phnom Penh (08/06 22:00 EDT).
-The U.S. Energy Information Administration releases its weekly natural gas supply report. 10:30 in Washington.
-ECONOMY: U.S. initial jobless claims (weekly), Bloomberg U.S. consumer comfort (weekly), U.S. consumer credit (June), Mexico inflation (MXCPYOY) (July), South Africa gross reserves and net reserves (July), South Africa business confidence index (July), South Africa manufacturing production (June), Dutch CPI (NECPIYOY) (July), Greek unemployment (May), Swiss SECO consumer confidence (July), SNB foreign currency reserves (July).
-EARNINGS: CBS Corp. (CBS), CP All Pcl (CPALL), Nikon Corp. (7731), China Unicom Hong Kong Ltd. (762), Novo Nordisk A/S (NOVOB), Zurich Insurance Group AG (ZURN), KBC Groep NV (KBC), Aviva Plc (AV/), Munich Re, Rio Tinto Plc (RIO), Commerzbank AG, Banca Monte dei Paschi di Siena SpA.
-The PGA Championship, the final major tournament of the season, begins at Valhalla Golf Club in Louisville, Kentucky. The field includes the top 100-ranked players in the world and 29 former major winners. Through Aug. 10. Tee times and pairings to be determined.
FRIDAY, AUG. 8
-China’s export growth may have declined in July after overseas shipments missed estimates in June amid signs global demand is easing even as Chinese leaders seek to meet their economic expansion goal of 7.5 percent this year. 10:00 in Beijing (08/07 22:00 EDT).
-Peter Humphrey and Yu Yingzeng, the British-American couple who founded the private investigation firm ChinaWhys, go on trial in Shanghai on accusations of illegally obtaining information on Chinese citizens. ChinaWhys had been hired by drugmaker GlaxoSmithKline Plc (GSK) to identify the people behind a sex tape involving Glaxo’s former China chief, amid a government probe into the company’s sales practices. 09:00 in Shanghai (08/07 21:00 EDT).
-The Italian Senate votes on constitutional changes in Rome that would curb its power and unseat many representatives, a key hurdle for Prime Minister Matteo Renzi’s plan to ease gridlock and strengthen the government’s grip over parliament. Time to be determined and date subject to change.
-ECONOMY: U.S. wholesale inventories (June), Canada employment report (July), Brazil inflation (July), Japan current account (June), German exports (June), Bank of France business sentiment (July), French industrial production (June), U.K. trade (June), Greek industrial production (June), Swiss unemployment (July), Turkey industrial production (June).
-EARNINGS: News Corp., Petroleo Brasileiro SA, SoftBank Corp. (9984), Bridgestone Corp. (5108), Acer Inc. (2353), Charoen Pokphand Foods Pcl (CPF), State Bank of India, Mahindra & Mahindra Ltd. (MM), Allianz SE.
SATURDAY, AUG. 9
(An earlier version of this story corrected the formal name of the Pro Football Hall of Fame in Aug. 2 item.)
To contact the editors responsible for this story: Nancy Moran at firstname.lastname@example.org Tal Barak Harif