We end this week with Retail Sales in the US and ECOFIN Meetings in the UK as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Retail Sales value all the sales at the retail level, rise up to 0.5% from 0.2% in August is due now. And in the Core Retail Sales (excluding automobiles), reduce down to 0.3% is likely from 0.5% on August.
Later in the US, Producer Price Index (PPI), the producers’ price change for goods and services, rise up to 0.2% is likely now. While on the Core PPI (not including food and energy), rise up to 0.2 from 0.1% on the le last time is forecasted.
More in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey to rate the current and future financial conditions, 82.6 points are predicted now from 82.1 points on the previous month. While on the Prelim UoM Inflation Expectations 3.0% is due to remain with no change from the last time.
Finally in the US, Business Inventories, value all the goods that are held in inventory by manufacturers, wholesalers, and retailers, rise up to 0.4% is due now.
In Canada, Capacity Utilization Rate, 81.3% is due now similar to the last quarter.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, Eurozone’s widest monetary decision making body, coordinates economic policies of the 28 member states, and Eurogroup Meetings (Day I), coordinates economic policies of the 17 euro area member states is likely now.
Later in Europe, Employment Change likely to be -0.2% from -0.5% on the last quarter.
Finally in Europe, Trade Balance, rise up to 15.3B from 14.9B on August is expected.
For more on the Euro, read the Euro to dollar forecast.
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