Newsquawk Daily Economic Releases - 3rd August 2026

A calendar preview rather than a print, so the note is about sequencing. The first Monday of the month is the standard slot for final manufacturing PMIs and the ISM, and the two interact in a familiar way: the S&P Global finals rarely move anything unless they revise the flash meaningfully, while the ISM is the release that has historically set the early-month tone for the dollar and rates, with the prices-paid and employment sub-indices often carrying more signal than the headline in periods when inflation or labour momentum is the open question. Swiss CPI lands the same morning and has tended to matter mainly at the margins for SNB pricing given the franc's sensitivity to rate differentials. The Canadian holiday thins North American liquidity in the morning, a condition that has previously amplified moves in thinly traded crosses. Treasury refunding financing estimates precede the quarterly refunding announcement and are the point at which bill-versus-coupon issuance expectations get set, with any shift in coupon sizing feeding directly into the long end. Palantir reports into a name where post-earnings realised volatility has been persistently elevated relative to the large-cap peer set, and ON Semiconductor reads across to the autos and industrial semis complex ahead of the rest of the group's prints.