Economic Calendar

Wednesday is a busy day with plenty of known market movers, so let's take a closer look. The schedule starts at 6 AM with Swiss UBS Consumption Indicator for July. The Index recovered some ground in June, but the report did note a subdued growth. Swiss KOF Economic Barometer for August follows an hour later, and this Index actually surprised on the upside in July, reaching a 4-month high... Еще; moreover, it remains above its long-term average. UK Mortgage Approvals for July are out at half past 8, and the number of approvals has been growing at a steady pace of about 65 thousand a month for the past 3 months. The closely watched preliminary reading of German August CPI will be released at noon GMT, and the annual inflation continued inching higher in July as energy prices returned to growth. Another high importance release follows 15 minutes later, and it's US ADP Employment Change for August. The July data came in somewhat weaker than expected as manufacturing jobs went down; however, services-sector employment saw a strong growth. Yet another highly anticipated US release is out at half past noon, and it's the second reading of second quarter GDP. The preliminary estimate puts the annualised quarterly growth at 2.6%, which is a notable improvement from the 1.2% increase at the beginning of the year. There's little on the schedule until 11:01 in the evening, when UK GfK Consumer Confidence for August is released. The Index continued to deteriorate in July and now stands at exactly the same level it reached right after the Brexit vote. Japanese Preliminary Industrial Production for July is out at 11:50, and output rebounded in June, partially offsetting a 2.2% drop the previous month. The closely watched Chinese August PMIs are scheduled at 1 AM. Both the manufacturing and services PMIs inched lower in July, but they did remain in the positive territory. New Zealand ANZ Business Confidence for August will be available at the same time. The Index lost more than 5 points in July, but the report noted it's more of a seasonal slowdown as July is the middle of winter down under. Australian Private Sector Credit for July follows at half past 1. June data came in stronger than expected, and the growth was the fastest in 6 months. Japanese Housing Starts for July are out at 5 and, once again, June data surprised on the upside, posting strong growth and following a point 3% slip a month ago. I'm Celeste Skinner and this was the Economic Calendar for Wednesday, the 30th of August. The last day of August will bring the all-important Euro Zone CPI, so check back.

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