The Upcoming Business Week

July's employment report on Friday is expected to come in at a very respectable 185,000 for nonfarm payrolls, a result that would add to the run of solid economic data so far this summer but probably not enough to raise talk of a September FOMC rate hike. Starting the week on Monday will be the ISM manufacturing report where past strength in new orders hasn't, however, panned out to strength for the government's factory data. ISM's non-manufacturing report, which has in fact been accurately signaling general strength for the economy, follows at mid-morning Wednesday preceded by ADP whose employment calls have been on the mark this year.