Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, value the individuals that filed for unemployment insurance on the last month for the first time; reduce is likely down to 370K now from 382K on the last week.
Later in the US, Philly Fed Manufacturing Index, Monthly manufacturers Survey to show the general business conditions; -4.1 points are forecasted now from -7.1 points on the last report.
Later on in the US, Flash Manufacturing Purchasing Managers’ Index (PMI); Survey to rate the business conditions, such as employment, production and new orders, rise of 0.1 points is likely this time up to 51.6 points.
Also in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President; is due to deliver a speech in Kansas City.
Finally in the US, Sandra Pianalto, Federal Reserve Bank of Cleveland President, is about to speak in Oxford.
In Europe, Mario Draghi, European Central Bank (ECB) President is due to hold a press conference in Frankfurt.
Later In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to value the business conditions like employment, new orders, supplier deliveries and inventories, 45.4 points are due now from 45.1 points on August. Similar rise is expected on the French Flash Manufacturing PMI, up to 45.4 points from 45.1 points on the last month, and on the German Flash Manufacturing PMI 45.4 points expected now from 44.7 on the previous report.
Also in Europe, Flash Services Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions such as production, prices and inventories, rise of 0.2 points from August is due up to 47.4 points now. Similar rise is forecasted on the French Flash Services PMI up to 49.5 points from 49.2 points on the last time, and 48.6 points on the German Flash Services PMI from 48.3 points on August.
More in Europe, German Producer Price Index (PPI), monthly measurement to value the manufacturer’s price change of goods, rise up to 0.4% is due now.
Finally in Europe, Consumer Confidence about to rise by 1 point from August and indicates pessimism with -24 points now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales, consumer spending indicator to value all the sales at the retail level, -0.4% is forecasted now from 0.3% on August,
Later in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, Monthly Survey to rate the level of order volume expected on the next 3 months, -14 points are estimated now from -21 points on August.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Trade Balance value the difference between imported and exported goods, 2.92B is due similar to the last report on August.
Read more about the Swiss franc in the USD/CHF forecast.
In Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor is due to speak at the National Securities Industries Convention, in Tokyo.
Read more about the yen in the USD/JPY forecast.