Economic Calendar

Wednesday is the PMI day, so let's take a closer look with the Economic Calendar. The schedule starts at 7 AM when ECB President Mario Draghi will deliver the opening remarks at the 6th Lindau Meeting on Economic Sciences in Germany; President Draghi often causes market volatility with his statements, so this will be a closely watched appearance. The preliminary August PMIs from around the Euro... Еще Zone will be available early in the morning, and the French data is up first at 7. German indices follow half an hour later, and Euro Zone PMIs are out at 8. The manufacturing Index eased in July as German PMI eased from its 6-year high but the services industry continued growing at a steady pace. Coming up next at 1:45 PM GMT is the US Markit Preliminary PMI for August. Both the manufacturing and services PMIs surprised on the upside in July. US New Home Sales for July follow at 2. Sales came in somewhat weaker than expected in June, but it's worth remembering that they hover near their highest level in 10 years. Preliminary Euro Zone Consumer Confidence for August is out at the same time. The Index eased in July from the 10-year high it reached the previous month. And New Zealand Trade Balance for July will be available at 10:45. Trade surplus widened in June, driven by a strong surge in dairy exports. You've been watching the Economic Calendar for Wednesday, the 23rd of August, with me, Jessica Walker. Check back in for the next overview of news releases for Thursday. Goodbye.

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