Week inAdvance Monday | Aug 1, 2022

Mon Aug 1 Tory members begin voting in UK. | Tue Aug 2 Asean gathering. | Wed Aug 3 OPEC+ meeting on output. | Thu Aug 4 BOE rate decision. Climate change in the Senate. | Fri Aug 5 US payrolls report. In a still-tight labor market, the monthly US payrolls report Friday is expected to show a gain of 250,000 jobs for July, while the unemployment rateis seen holding at 3.6%.  The OPEC+ group of oil producers, which includes Russia, convenes to decide on output plans for September. Voting starts, and campaigning continues, in the UK’s race to replace outgoing Prime Minister Boris Johnson.  US House Speaker Nancy Pelosi is expected to be in the Asia-Pacific region, with an itinerary including stops in Indonesia, Japan and Singapore, according to people familiar with the situation. It’s unclear whether her visit will include Taiwan. All times are Eastern and subject to change.

save the date

Thursday, Aug 11 INVESTORS market practices industry update 10:30 - 11 am Come when you can. Leave when you have to. Take your calls.

at the agencies

Tuesday, Aug 2 SECURITIES AND EXCHANGE COMMISSION Small Business Capital Formation Advisory Committee meeting to discuss liquidity challenges for investors in small and emerging businesses. SEC Chair Gary Gensler will deliver remarks. See the complete agenda here. Friday, Aug 5 BUREAU OF LABOR STATISTICS The monthly US payrolls report is expected to show a gain of 250,000 jobs in July and an unchanged unemployment rate of 3.6%, just above a five-decade low and indicating a still-healthy labor market. The Federal Reserve would likely need to see a sustained increase in the jobless rate over a number of months before reconsidering its interest-rate hikes aimed at slowing inflation.

on the hill

Tuesday, Aug 2 SENATE BANKING, HOUSING, AND URBAN AFFAIRS Hearing: "‘The Rent Eats First’: How Renters and Communities are Impacted by Today’s Housing Market." Thursday, Aug 4 SENATE BANKING, HOUSING, AND URBAN AFFAIRS Hearing: "Borrowed Time: The Economic Costs of Climate Change."

across the globe

Monday, Aug 1 LONDON, UK Tory members begin voting on the next UK prime minister after the resignation of Boris Johnson, with Foreign Secretary Liz Truss and former Chancellor Rishi Sunak going head to head. Campaigning continues in various regional centers. Tuesday, Aug 2 - Saturday, Aug 6 PHNOM PENH, Cambodia US Secretary of State Antony Blinken is expected to attend the Asean foreign ministers’ meeting, and visit the Philippines. Russian Foreign Minister Sergei Lavrov is also expected to attend the Asean talks. Wednesday, Aug 3 VIENNA, Austria OPEC+ meets to decide on crude production plans for September. Their deliberations follow US President Joe Biden’s visit to Saudi Arabia last month to press the group’s Gulf members to boost output. Thursday, Aug 4 SINGAPORE (in-person & virtual) Bloomberg Asia Wealth Summit.

other events

Thursday, Aug 4 The National Oceanic and Atmospheric Administration updates its 2022 Atlantic hurricane forecast ahead of the historical peak of the season.