Economic calendar: CPI and GDP reports from Switzerland, ISM reading for US manufacturing

Detailed macro calendar (BST):

07:30 am - Switzerland, CPI inflation for August. Forecast: 1.2% y/y. Earlier: 1.3% y/y.

• In m/m terms. Forecast: 0.1% m/m. Previously: -0.2% m/m.

08:00 am - Turkey, CPI inflation for August. Earlier: 61.8% y/y.

08:00 am - Switzerland, GDP report for Q2. Forecast: 0.5% q/q. Earlier: 0.5% q/q.

02:30 pm - Canada, PMI manufacturing reading for August. Earlier: 47.8.

02:30 pm - USA, PMI manufacturing reading for August. Forecast: 48. Earlier: 49.6.

03:00 pm - USA, ISM PMI manufacturing data for August. Forecast: 47.5. Earlier: 46.8.

• Employment sub-index. Earlier: 43.4
• Price sub-index.  Previously: 52.9
• New orders sub-index.  Previously: 47.4

Yesterday's session on the stock markets was characterized by slightly lower volatility due to a banking holiday in the US and Canada. However, this did not prevent indices from Europe from posting moderate intraday gains.

Today's session will proceed as normal. At the moment, futures indexes are pointing to a lower opening of the session on the Old Continent and Wall Street, which in part has to do with slightly worse sentiment in Asia. At the moment, the Hang Seng is losing 0.43%, the KOSPI is losing 0.29%, and the Nikkei 225 remains in the zone of previous closes. 

Investor attention will turn to the ISM manufacturing PMI data from the US. CPI and GDP data readings from Switzerland may also prove interesting. Companies such as Gitlab and Zscaler will present their quarterly results.