Hello, I’m Monica Gibson with another edition of the Economic Calendar. Friday, the 29th of August, brings plenty of potential market movers, so let’s get started. First up at six o’clock in the morning is the German Retail Trade for July. Retail turnover returned to growth in June, reversing a point 6% decline the previous month. UK Nationwide House Price Index for August is out at the same time. Home prices saw little change in July, contrary to expectations of continued growth. Swiss KOF Economic Barometer for August follows at seven. The Index slipped in July, having stood above its long-term average for the past four months. Two highly anticipated news releases regarding the Euro Zone economy come at 9 o’clock, and Preliminary Consumer Price Index for August is one of them. The annual inflation inched even lower in July, reaching its lowest level since late 2009. Unemployment Rate for July comes at the same time. The June release was a pleasant surprise among the otherwise gloomy Euro Zone data as the jobless rate posted a slight improvement. The final estimate of second quarter Italian GDP will be available at 10. The preliminary estimate suggests that the third-largest Euro zone economy is in recession. Next up at 12:30 PM GMT is the US Personal Income and Spending for July. Both spending and incomes grew in line with expectations in June. The high importance Canadian GDP for June is released at the same time, and this release also includes the second quarter data. Canadian GDP has been growing for the past five months, and growth is reported across most sub-sectors. Chicago Purchasing Managers Index for August comes at quarter to two. The Index saw a significant and unexpected drop in July, pushed lower by a strong decline in production and ordering components. And the final version of University of Michigan Consumer Confidence for August comes at 1:55. The preliminary estimate shows a decline from 81.8 points in July. That concludes the Economic Calendar for Friday. Our next report will cover the key events for Monday. Goodbye.
Hello, I’m Monica Gibson with another edition of the Economic Calendar. Friday, the 29th of August, brings plenty of potential market movers, so let’s get started.
First up at six o’clock in the morning is the German Retail Trade for July. Retail turnover returned to growth in June, reversing a point 6% decline the previous month.
UK Nationwide House Price Index for August is out at the same time. Home prices saw little change in July, contrary to expectations of continued growth.
Swiss KOF Economic Barometer for August follows at seven. The Index slipped in July, having stood above its long-term average for the past four months.
Two highly anticipated news releases regarding the Euro Zone economy come at 9 o’clock, and Preliminary Consumer Price Index for August is one of them. The annual inflation inched even lower in July, reaching its lowest level since late 2009.
Unemployment Rate for July comes at the same time. The June release was a pleasant surprise among the otherwise gloomy Euro Zone data as the jobless rate posted a slight improvement.
The final estimate of second quarter Italian GDP will be available at 10. The preliminary estimate suggests that the third-largest Euro zone economy is in recession.
Next up at 12:30 PM GMT is the US Personal Income and Spending for July. Both spending and incomes grew in line with expectations in June.
The high importance Canadian GDP for June is released at the same time, and this release also includes the second quarter data. Canadian GDP has been growing for the past five months, and growth is reported across most sub-sectors.
Chicago Purchasing Managers Index for August comes at quarter to two. The Index saw a significant and unexpected drop in July, pushed lower by a strong decline in production and ordering components.
And the final version of University of Michigan Consumer Confidence for August comes at 1:55. The preliminary estimate shows a decline from 81.8 points in July.
That concludes the Economic Calendar for Friday. Our next report will cover the key events for Monday. Goodbye.
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