Article by ForexTime
Monday will be relatively quiet in terms of tier-one economic data. China will release trade balance data. The world’s second largest economy is expected to show that its export growth may have slowed in August. This comes after its trade surplus surged to a record in July as imports fell.
Japan will released it revised second quarter GDP after the preliminary GDP reading showed an annualized 6.8% contraction from the first quarter due to the April 1 increase in the nation’s sales tax.
From Europe, the only data due will be the Euro zone’s Sentix Investor Confidence report.
On Tuesday, the Bank of Japan will release its monetary policy meeting minutes. Later in the European session, focus will be on Bank of England Governor Mark Carney’s speech.
On Wednesday, Japan core Machinery Orders are due.
Thursday sees the release of Australian employment change data as well as the official unemployment rate.
From Europe, attention will be on German Final CPI and the ECB’s Monthly Bulletin. This will be followed by ECB President Mario Draghi’s keynote speech which he will deliver at the Eurofi forum in Milan.
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From the United States, initial jobless claims will be released.
On Friday, Bank of Japan Governor Haruhiko Kuroda speaks.
For the rest of the day, Euro zone industrial production data are due for the month of July.
The US will release retail sales numbers which are expected to show an increase in August. The reason is that back-to-school shopping would have helped increase consumer spending. Consumer spending accounts for almost 70 percent of the US economy.
Following from this, the preliminary report of the University of Michigan Consumer Sentiment report will be released. It is projected to show that US consumer sentiment improved in September. Cheaper gasoline prices, an advancing stock market and job gains are contributing to the better outlook.
Article by ForexTime
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