Economic Calendar

This Thursday promises to be an exciting trading day as there are plenty of market shakers on the agenda, so stay with us to find out more. A high importance event opens the agenda at 7:30 AM when September’s Swiss National Bank Monetary Policy Assessment will take place. No changes to monetary policy are widely expected as the SNB hasn’t made policy changes in the scheduled quarterly meetings in... Еще more than 7 years. UK Retail Sales report is a known Sterling mover and data for August will be released at 8:30 AM. Figures from the British Retail Consortium showed the value of online and high street sales rose at the fastest pace for six months in the four weeks to 30th of July. Finalized Euro Zone CPI for August is up next at 9 o’clock. Euro area annual inflation is expected to be at point 2 % in August, unchanged from July’s level. Bank of England monetary policy statement is up next at 11 AM and it’s the key event of the day for Sterling traders. At August meeting, the MPC voted for a package of measures designed to provide additional support to growth and to achieve a sustainable return of inflation to the target. This package included a 25 basis point cut in Bank Rate to point 25%. Then there’s a whole batch of news reports regarding the US economy at a half past noon GMT, including a couple of heavy hitters and Advance Retail Sales for August is one of them. Sales disappointed in July with a flat monthly reading. The high importance Jobless claims report is the second item out at this time. Initial claims were down by 4 thousand in the week ending September the 3rd, surprising on the upside. Producer Price Index for August is another of the publications out at a half past noon. Both the overall and core readings showed unexpected declines in July. US Empire State Survey for September continues the busy data run at 12:30. The Manufacturing Index from the New York Fed dropped back below the zero level after two months of positive readings. Wrapping up the busy 12:30 data run is Philly Fed Survey for September. The index for current manufacturing activity in the region rose by 5 points in August, as the share of firms reporting an increase in activity barely exceeded the share reporting a decrease. This is only the third positive reading of the index in the current year. Then there’s a moment to digest all of the data for Buck traders, followed by a couple more reports from the US. Industrial production is out at 1:15 PM GMT. Production has advanced for two straight months, but a correction is expected in this publication for August. And the final item for this Buck busy agenda is US business inventories for July at 2 PM. Inventories have been on a rise, recording four consecutive monthly advances. I’m Kiays Khalil and this was the Economic Calendar for Thursday. Do click back for Friday’s report, but for now, goodbye.

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