Hungary expects to record a budget surplus in July despite the energy crisis.

U.S. Embassy in Lebanon said Israel and Lebanon must agree on a clear mechanism before entering the next phase.

Monday: China July RatingDog manufacturing PMI; Euro-area, France, Germany, UK July manufacturing PMI final prints; Switzerland July CPI MoM; US July S&P Global manufacturing PMI final, ISM manufacturing, and June construction spending. Toronto Stock Exchange closed. Tuesday: US June trade balance, JOLTS vacancies, and June factory orders; earnings—AMD and SpaceX report after the US close Tuesday; FMS 2026 flash memory summit (Aug 4–6) with Samsung, SK and other storage majors. Wednesday: Weekly API crude stocks to July 31; China July RatingDog services PMI; euro-area, France, Germany, UK July services PMI finals; Euro-area June PPI MoM; US July ADP payrolls, S&P Global services PMI final, ISM non-manufacturing; weekly EIA crude, Cushing and SPR inventory updates. ARAMCO to set monthly official selling prices around the 5th. Thursday: Switzerland July seasonally adjusted unemployment rate; Euro-area June retail sales; US Challenger layoffs, initial jobless claims (week to Aug 1), global supply-chain pressure index for July, June wholesale sales; weekly EIA natgas stocks. SoftBank Group posts FY2026 Q1 results. Friday: France Q2 ILO unemployment; Germany June industrial production and trade balance (sa); UK July Halifax house price index (sa); France June trade; Switzerland July consumer confidence; Canada July employment; US July unemployment rate, July nonfarm payrolls (sa), average hourly earnings YoY and MoM, and NY Fed 1-yr inflation expectations; China July trade balance (USD), July FX reserves, and July trade balance (yuan-denominated). Fed speakers: 2028 FOMC voter, St. Louis Fed president Musalem on US economy and policy; 2027 FOMC voter, Richmond Fed president Barkin also speaking. Saturday: US rotary rig count for week to Aug 7. Sunday: China July CPI YoY.