OPEC+ MEETING (SUN): OPEC+ members will likely agree to a further 548k BPD hike or lower in September, on track to fully restore prior cuts by September. UAE set to achieve its quota boost early.

ISM SERVICES PMI (TUE): July business activity rose to 55.2, highest in 7 months, driven by services sector growth. Concerns raised about sustainability due to uneven growth and rising prices.

NEW ZEALAND JOBS (TUE): Q2 job losses expected, with some exits to temper jobless rise. Labour Cost Index signals ongoing wage pressure.

RBI ANNOUNCEMENT (WED): RBI expected to maintain rates, with recent cuts aimed at stimulating growth and maintaining price stability. CRR to be lowered by 100bps.

BOE ANNOUNCEMENT AND MPR (THU): BoE likely to cut Base Rate by 25bps. Inflation uptick complicates rate cut outlook.

BANXICO ANNOUNCEMENT (THU): Mexico’s central bank expected to ease rate cut pace to 25bps. Core inflation prevents bolder action.

NEW ZEALAND INFLATION FORECASTS (THU): Expectations for inflation to edge higher in Q3, complicating RBNZ’s rate cut outlook.

SWEDISH CPIF (THU): Inflation metrics for July uncertain, Y/Y core inflation seen unchanged. Headline CPIF expected to rise on electricity prices.

CHINESE TRADE BALANCE (THU): Export growth expected to moderate, imports to slip amid weaker global demand.

CANADIAN JOBS REPORT (FRI): BoC monitoring economic slowdown for potential rate cuts. Unemployment rate and household uncertainty may lead to softer spending.

BOJ SOO (FRI): BoJ keeps short-term rate unchanged at 0.50%, expects underlying inflation to stall due to slowing growth. Upgrades median forecasts for inflation.

Read more at Investing.com: Global Macro Week Ahead: Central Banks, CPI Data, and Oil Supply Risks