Headlines the Economic Calendar on Wednesday
U.K. Unemployment rate will be announced today and it is expected to remain flat at 4.4% compared to a month ago. A higher than expected reading should be taken as negative for the Sterling.
The Industrial production in Eurozone will be announced today. (MoM) the expectation is a pick up to 0.1% from -0.6% a month ago. (YoY) production growth is expected to rise to 3.4% from 2.6% a month ago.
An other important release of today is U.S Producer Price Index. PPI (YoY) Inflation is expected to rise to 2.5% in August from 1.9% a month ago while PPI (MoM) is expected to increase 0.3%. A worse than expected realization would hurt US Dollar.
Crude oil stocks today to be announced in U.S and it is expected to increase by 3.228 M this week. It may be important for oil prices. Note that oil stocks rose by 4.580 M barrels in last week.
13 Sep 17 (Wed)
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