The main events of Thursday!

On Thursday, September 6, the day is full of economic news, among which special attention is paid to data on Australia’s trade balance, employment in the US and oil inventories in the US.

At 04:30 –  trade balance (July) of Australia, forecast 1.460B,  previous value  1.873B.

Also at 04:30 – a speech of a member of the Board of Directors of the Bank of Japan Kataoka.

At 08:45 –  GDP of Switzerland:
– Switzerland’s GDP (q / q) (Q2), forecast of 0.5%,  previous value  0.6%.
– Switzerland’s GDP (y / y) (Q2), forecast 2.4%,  previous value  2.2%.

At 09:00 – volume of production orders in Germany (m / m) (July), forecast 1.6%, previous value  -4.0%.

At 15:15 –  ADP nonfarm employment change (Aug) in the US, forecast 188K, previous value  219K.

At 15:30 – data on the United States and Canada:
– Initial jobless claims in the US, forecast 214K,  previous value  213K.
– Nonfarm productivity  (q / q) (Q2.) in the US, forecast 2.9%, previous value 2.9%.
– Unit labor costs (q / q) (Q2) in the US, forecast -0.9%,  previous value -0.9%.
– Building permits (m / m) (July) in Canada, forecast 1.3%,  previous value -2.3%.

At 17:00 – will release data on the US:
– Volume of shipments of nondefense capital goods (without aircraft) (m / m), forecast -1.7%,  previous value -1.7%.
– Durable goods  orders (m / m),  previous value -1.7%.
– Volume of industrial orders (m / m) (July), forecast -0,6%, previous value 0,7%.
–  ISM index of business activity in the non-manufacturing sector (PMI)  (Aug), forecast 56.8,  previous value  55.7.

At 18:00 there will be data on oil inventories in the US:
– Crude oil inventories, forecast -1.925M,  previous value -2.566M.
– Cushing, Oklahoma, Crude oil inventories previous value  0.058M.

At 19:30 – speech of the Governor Board  member of the National Bank of Switzerland Zurbrugg.

At 21:30 – speech of the Governor Council  member of the Bank of Canada Wilkins.

Hanzenko Anton