Summary:
- US manufacturing ISM in the spotlight this afternoon
- Construction PMI from the UK
- Some central bankers on the agenda
8:00 am BST - Inflation from Turkey
9:30 am BST - Construction PMI from the UK for August: We got a disappointing manufacturing PMI yesterday, hence investors may even more pay attention to today’s data. The consensus suggests a slight rebound to 46.5 from 45.3.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app10:00 am BST - PPI from EMU for July: The consensus points to a 0.2% YoY increase after a 0.7% YoY increase reported in June.
10:30 am BST - GDP from South Africa for Q2
2:30 pm BST - Manufacturing PMI from Canada for August
3:00 pm BST - Manufacturing ISM from the US for August: After a holiday on Monday, US investors get back to work and they will have to deal with bearish sentiment following yesterday's news that the US and China struggle to set the date when they could meet to resume trade negotiations. In terms of today’s reading, it’s worth noting that the US index might be still under pressure from the weakness seen in European manufacturing (based on a causality analysis one may notice that European PMI causes US ISM, not the other way round). The consensus points to 51.2, unchanged compared to July.
Central bankers’ speeches:
-
9:00 am BST - SNB’s Jordan
-
10:00 pm BST - Fed’s Rosengren
-
2:30 am BST (Wednesday) - BoJ’s Kataoka
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.