Economic calendar: Canadian jobs data, US PPI inflation

European futures trade slightly higher after Biden-Xi phone call
Canadian jobs data, US PPI inflation
Speeches from ECB and Fed members

Futures market point to a slightly higher opening of today's European cash session. Risk moods improved overnight after news of the Biden-Xi phone call hit the market. While economic releases scheduled for today rarely have a major impact on stock markets, speeches from central bankers may trigger some short-term volatility on equities. ECB President Lagarde will hold a press conference at 10:30 am BST, after a Eurogroup meeting. Canadian dollar may be more volatile in the early afternoon as labour market data from the country will be released.

8:00 am BST - Spain, industrial production for July. Expected: 6% YoY. Previous: 11.1% YoY

9:00 am BST - Italy, industrial production for July. Expected: 0.1% MoM. Previous: 1% MoM

1:30 pm BST - US, PPI inflation for August.

Headline. Expected: 8.2% YoY. Previous: 7.8% YoY
Core. Expected: 6.6% YoY. Previous: 6.2% YoY

1:30 pm BST - Canada, labour market report for August.

Employment. Expected: +75k. Previous: +94k
Unemployment rate. Expected: 7.3%. Previous: 7.5%

3:00 pm BST - US, wholesales inventories for July. Expected: 0.6% MoM. Previous: 1.2% MoM

Central bankers' speeches

9:00 am BST - ECB Villeroy
10:30 am BST - ECB President Lagarde
11:10 am BST - ECB Elderson
2:00 pm BST - Fed Mester

12 August 2026, 13:32

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USDJPY Nearing 160

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Economic reports

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