We end this week with CPI and Retail Sales in the US as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, rise up to 0.5% from the last time is predicted. While on the Core CPI (not including food and energy) rise of 0.1% from August is calculated up to 0.2 now.
Later in the US, Retail Sales, measures the total value of sales at the retail level; reduce of 0.1% from August is due down to 0.17% this time. While on the Core Retail Sales (without autos) reduce of 0.2% is likely down to 0.6%.
Also in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Consumer’s Monthly Survey to value the current and future financial conditions, reduce of 0.2 points is due down to 74.1 points now. Meanwhile on the Prelim UoM Inflation Expectations 3.6% is likely to remain similar to the last report.
More in the US, Capacity Utilization Rate, main consumer inflation indicator to value by percentage the available resources that are being utilized by manufacturers, mines, and utilities; rise of 0.1% is due up to 79.4%.
Moreover in the US, Industrial Production, shows the total value of output that is produced by manufacturers, mines, and utilities, reduce of 0.4% from the August down to 0.2% is calculated now.
Finally the US, Business Inventories, a signal of future business spending to value all the manufacturers’ goods that are held in inventory, rise of 0.2% from August up to 0.3% is likely now.
In Canada, Manufacturing Sales, value al the sales that were made by manufacturers on the last month, rise from -0.4% on August up to 0.5% now is likely.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Consumer Price Index (CPI); the consumer’s price change in of goods and services, 2.6% is predicted now similar to the last month report. And also in the Core CPI (without energy, food, alcohol, and tobacco) no change is likely and 1.7& id due.
Later in Europe, The Economic and Financial Affairs Council (ECOFIN), shows the Eurozone’s broadest economic decision making body and their initiatives decisions.
Finally in Europe, Employment Change, -0.2% is likely to remain with no change from the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Switzerland, Swiss National Bank (SNB); Monetary Policy Assessment, SNB Governing Board primary tool to communicate with investors regarding financial policy and projects the economic for future rate decisions. The Libor Rate is lily to remain 0.25% like on the last months.
More in Switzerland, Producer Price Index (PPI), Change in the price of goods and raw materials purchased by manufacturers is due to further reducing by 0.1% from August down to -0.3%.
Read more about the Swiss franc in the USD/CHF forecast.
In Japan, Revised Industrial Production, the total manufacturers, mines, and utilities output change, is likely to remain similar to -1.2% on August.
Read more about the yen in the USD/JPY forecast.
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