The Business News Week Ahead

Tuesday and Thursday will be the key days of the week. Tuesday will see the release of June PMIs which are expected to show another month of tangible easing in the rate of business contraction. Thursday will see three key reports from the US: the latest on trade with advance goods data, the latest on the factory sector with the durable goods report, and the weekly update on the labor market with unemployment claims. Though a sharp headline gain is the call for durable goods, another week of very severe job losses is the call for claims. Sentiment will also be the week's theme with the French business climate report on Wednesday as well as Germany's Ifo survey also on Wednesday followed on Thursday by Germany's GfK consumer climate report. Like the PMIs, the extension of general improvement is the call for the sentiment reports.