- upcoming CPI reports from European countries, including France and Poland
- minutes from the ECB's latest meeting
- US labor market data – Jobless Claims and the Challenger report
Futures contracts indicate a slightly higher opening for today's cash session in Europe. The German DAX index gains just over 0.10%. Today, we've already received retail sales data from Germany, which fell short of expectations. Against a forecasted growth of 0.3% MoM, the final data showed a decline of -0.8% MoM, the same as last month in July.
In today's macro calendar, we still have the publication of CPI data from European countries, including Poland, France, and for the entire Eurozone. For Poland and the Eurozone, a drop in inflation is forecasted, while inflation in France is expected to rise. In the second half of the day, we will get two significant labor market reports (Jobless Claims and the Challenger report) ahead of tomorrow's NFP. Jobless Claims will be published, which, following the recent lower data from Job Openings (JOLTS), are another set of figures expected to begin showing weakness in the labor market.
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Open account Try demo Download mobile app Download mobile appDetailed calendar for the day:
7:45 AM BST - France, inflation data for August:
- CPI: expected 4.6% YoY; previously 4.3% YoY
- HICP: expected 5.4% YoY; previously 5.1% YoY
9:00 AM BST - Poland, inflation data for August:
- CPI: expected 10.0% YoY; previously 10.8% YoY
9:00 AM BST - Poland, GDP data:
- Q2 n.s.a: expected -0.5% YoY; previously -0.3% YoY
10:00 AM BST - Eurozone, inflation data for August:
- HICP core: expected 5.3% YoY; previously 5.5% YoY
- HICP: expected 5.1% YoY; previously 5.3% YoY
12:30 PM BST - Eurozone, ECB minutes from the latest meeting
12:30 PM BST - USA, Challenger Job-Cut report
1:30 PM BST - USA, Jobless Claims for the last week:
- Expected increase to 235k; previously 230k
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