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In Australia, there is little in the way of top-tier economic data this week. But the all-important June employment report will hog the headlines towards the end of the week. Before this, the minutes of the Reserve Bank’s July 2 Board meeting – where interest rates were cut for a second successive month – are issued on Tuesday.

Chinese economic growth and activity data are amongst the highlights in the coming week. In the US, retail spending and the Federal Reserve’s Beige Book will be keenly observed ahead of the next interest rate decision.

Ryan Felsman, Senior Economist, CommSec