In the UK, CPI inflation will be the main release of today. August inflation is expected to be 0.5% m/m which will support y/y inflation to 2.8% from 2.6% a month ago. Core inflation in the meantime is expected to rise from 2.5% to 2.4%. As inflation is one of the significant data and the market...
Actual: 223.2 K Forecast: 216.0 K Previous: 222.0 K
Actual: 9.72 % Previous: 9.46 %
Actual 5.1 % Forecast 5.3 % Previous 5.0 %
In Turkey GDP growth for the second quarter will be published today. The GDP growth is expected to be 5.3%. A higher than expected reading should be taken as positive/bullish for the Turkish Lira. Other important releases of today from Turkey will be the end year inflation expectation T...
Actual: 6.2 % Forecast: 6.3 % Previous: 6.3 %
Actual: 0.5 % Forecast: 0.3 % Previous: 0.0 %
The economic agenda is not so busy today. UK Manufacturing Production in July will be announced today and is expected to rise to 0.3 % from 0.0% a month ago. Any strengthening in the index amid Brexit concerns would be considered positive for the British economy. Canada...
Actual: 19.5 B Forecast: 20.3 B Previous: 21.2 B
Actual: 4.580M Forecast: 4.022 M Previous: - 5.392 M
It is expected to rise by 4.02 M this week. It may be important for oil prices which tumbled within the week. Note that oil stocks declined by 5.39 M barrels in last week.
The ECB Governor Mario just is giving a speech at the ECB press conference, with key headlines, found below: Recent Euro volatility is source of uncertainty Underlying inflation pressure remains subdued Mid-term outlook broadly unchanged EC...
ECB statement: Sees rates at present level well past end of QE Maintains outlook without hinting at QE changes. Sees QE Running until end of December or beyond if needed QE can be increased in size duration if outlook gets worse
Actual: 0.0 % Forecast: 0.0 % Previous: 0.0 %
No rate change is expected from the ECB. Most of the focus will be on President Mario Draghi press conference 45 minutes after the announcement, as investors look for more clues on when and how the ECB could start unwinding its massive quantitative easing program.
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