weekly events

Monday: Markets in the U.S. will be closed for Labor Day. July Industrial Production data will see light in Germany, having an analyst consensus seeing a small 1.1% monthly increase.

Tuesday: July’s Balance of Payments Current Account Balance data will see light in Japan. In the Eurozone, the preliminary (second) estimate for GDP in the second quarter will see light, with the analyst consensus firmly expecting it to remain unchanged at +0.3%.

Wednesday: July Industrial Production will be released in the U.K. In Greece, August’s Consumer Price Index will see light, where analysts expect it to climb slightly higher, to a still dominantly deflationary -1.9%. The weekly MBA Mortgage Applications will see light in the U.S. And the Bank of Canada is scheduled to make a rate decision.

Thursday: July’s Machine Orders data will be released in Japan, as will August’s Producer Price Index. In China, both August’s producer, as well as consumer price indices are scheduled to see light – Analysts expect the former to indicate no less than a 5.6% annual drop. The day is also due to see the Bank of England make a rate announcement – analysts’ expectations are pretty firm on it keeping rates unchanged at 0.5%, but the language will be rather interesting to follow on this one. In the U.S., the weekly Initial Jobless Claims will see light, followed by July’s Wholesale Inventories.

Friday: Final estimates for August’s Consumer Price Index will be released in Germany and Spain. In Italy, July’s Industrial Production data will see light. In the U.S., August’s Producer Price Index will be released, followed by the preliminary September University of Michigan Consumer Sentiment Index and August’s Monthly Budget Statement.

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