Hot Summer = Expensive Fruit & VEG
October 1, 2018 2:15 pmVideo
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It’s time for the Dukascopy Economic Calendar, where we take a look at the potential market movers scheduled for publication on Tuesday the 2nd of October.
A relatively short calendar today, starting off with UK CIPS Markit Construction PMI for September and this comes at 8-30AM. Previous report showed a mild improvement at 52.9, but worries over Brexit continue to hang over this sector.
Next up at 9AM GMT, we have the Eurozone producer price index for August. July’s report was positive as prices rose more than expected at 0.4%. Forecasts are suggesting a slower pace this time around.
The penultimate release on this report is the UK Shop Price Index for September, which comes at 11-01PM. Last months report showed the first rise in UK shop prices for 5 years, as a 0.1% gain was posted. This was mainly down to the summer heatwave, pushing up the prices of fruit and vegetables.
At 1-30AM we go down under, for our final report, as Australian building Approvals for August are released. The previous report showed a disappointing minus 5.2%, but the consensus is that this report should be improved and market players will be hoping the 1.2% prediction is correct.
Well, that’s all for Tuesday’s calendar with myself Jack Everitt, thank you for watching and we’ll see you tomorrow.
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