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Morning All Community;
in the week ahead, markets will take in the outcome of US nonfarm payrolls & unemployment data released on Friday and will continue to focus on further predictions of US rate hike in September & December.
US markets will be closed on Monday for Labor day.
1.On Monday 1:45 GMT China Caixin PMI will be released. The data is expected to remain steady at 51.7.
2.UK Services PMI will be released on Monday at 8:30 GMT and forecast to rise to 49.4 from 47.4. The data can shed lights on UK economy post Brexit.
3.On Monday 9:00 GMT July Eurozone Retail Sales will be published. Sales are expected to rise by 0.6% for July compare to 0.0% in previous month. YoY sales are expected to rise by 2%, an increase from 1.6% in the previous year.
4.The RBA(Reserve Bank of Australis) Interest Rate Decision will be published on Tuesday at 4:30 GMT. Rates are expected to remain unchanged at 1.5%. However, keep an eye for any comments from policy makers regarding further changes of Australian economic policy.
5.Eurozone third quarter GDP will be released on Tuesday at 9:00 GMT. Expectations for quarterly growth to rise by 0.3% from 0.6%. YoY is expected to rise by 1.6% compare to 1.7% in the previous year.
6.On Tuesday at 14:00 GMT US ISM Manufacturing PMI will be released and expected to decline slightly to 55 from 55.7.
7.Australia Growth Domestic Product(GDP) will be released on Wednesday at 1:30 AM. Growth for the second quarter is expected to rise by 0.7%, a decline from 1.1% while YoY growth falls to 3.00% from 3.1% a year earlier.
8.Canada Interest Rate Decision - The BoC will release its rate decision on Wednesday at 14:00 GMT. Rates are forecast to remain unchanged at 0.5%.
9.On Wednesday at 11:50 Japan second quarter GDP is expected to hold at 0.00% compare to 0.5% in the previous quarter. YoY growth is expected to decrease significantly to 0.2% from 2.00%.
10.ECB Interest Rate Decision - Markets will focus on this event this week to get hints for European monetary policy. Interest rate is expected to remain unchanged at 0.0%. The\ ECB conference will attract market's attention to see whether further stimulus actions are expected.
11.China Inflation rate will be released on Friday at 1:30 GMT. MoM CPI is expected to be 0.0% a decrease from previous data of 0.2%. YoY forecast to rise by 1.8% unchanged from previous month.
12.Germany & UK Trade Balance - German balance of trade wwill be published on Friday at 6:00 GMT and expected to post a surplus of €20.7B compare to €24.9B in June. UK balance of trade will be released at 8:30 GMT and expeted to narrow to £4.5B from £5.1B in previous month.
13.Canada Employment Data will be published on Friday at 12:30 GMT. Unemployment chnage is expected hold steady at 6.9% while employment change figure is expected to grow by 3200 new jobs compare to July fall of 31,200.
Regards All.
in the week ahead, markets will take in the outcome of US nonfarm payrolls & unemployment data released on Friday and will continue to focus on further predictions of US rate hike in September & December.
US markets will be closed on Monday for Labor day.
Here are the main economic events for the upcoming week:
1.On Monday 1:45 GMT China Caixin PMI will be released. The data is expected to remain steady at 51.7.
2.UK Services PMI will be released on Monday at 8:30 GMT and forecast to rise to 49.4 from 47.4. The data can shed lights on UK economy post Brexit.
3.On Monday 9:00 GMT July Eurozone Retail Sales will be published. Sales are expected to rise by 0.6% for July compare to 0.0% in previous month. YoY sales are expected to rise by 2%, an increase from 1.6% in the previous year.
4.The RBA(Reserve Bank of Australis) Interest Rate Decision will be published on Tuesday at 4:30 GMT. Rates are expected to remain unchanged at 1.5%. However, keep an eye for any comments from policy makers regarding further changes of Australian economic policy.
5.Eurozone third quarter GDP will be released on Tuesday at 9:00 GMT. Expectations for quarterly growth to rise by 0.3% from 0.6%. YoY is expected to rise by 1.6% compare to 1.7% in the previous year.
6.On Tuesday at 14:00 GMT US ISM Manufacturing PMI will be released and expected to decline slightly to 55 from 55.7.
7.Australia Growth Domestic Product(GDP) will be released on Wednesday at 1:30 AM. Growth for the second quarter is expected to rise by 0.7%, a decline from 1.1% while YoY growth falls to 3.00% from 3.1% a year earlier.
8.Canada Interest Rate Decision - The BoC will release its rate decision on Wednesday at 14:00 GMT. Rates are forecast to remain unchanged at 0.5%.
9.On Wednesday at 11:50 Japan second quarter GDP is expected to hold at 0.00% compare to 0.5% in the previous quarter. YoY growth is expected to decrease significantly to 0.2% from 2.00%.
10.ECB Interest Rate Decision - Markets will focus on this event this week to get hints for European monetary policy. Interest rate is expected to remain unchanged at 0.0%. The\ ECB conference will attract market's attention to see whether further stimulus actions are expected.
11.China Inflation rate will be released on Friday at 1:30 GMT. MoM CPI is expected to be 0.0% a decrease from previous data of 0.2%. YoY forecast to rise by 1.8% unchanged from previous month.
12.Germany & UK Trade Balance - German balance of trade wwill be published on Friday at 6:00 GMT and expected to post a surplus of €20.7B compare to €24.9B in June. UK balance of trade will be released at 8:30 GMT and expeted to narrow to £4.5B from £5.1B in previous month.
13.Canada Employment Data will be published on Friday at 12:30 GMT. Unemployment chnage is expected hold steady at 6.9% while employment change figure is expected to grow by 3200 new jobs compare to July fall of 31,200.
Regards All.