The main events of Thursday!

On Thursday, August 23, the day is saturated with data on business activity in Germany, the euro area and the US. But one of the main events of the day will be the publication of the ECB protocol.

At 09:00 –  consumer climate index of Germany (Gfk) (Sept.), forecast 10.7,  previous value  10.6.

At 10:30 – the speech of the President of the Bundesbank Weidmann will take place.

Also at 10:30 –  data on business activity in Germany:
– Index of business activity in the manufacturing sector (PMI) in Germany (Aug), forecast 56.6, previous value 56.9.
– Index of business activity in the German services sector (Aug), forecast 54.4, previous value 54.1.

At 11:00 –  data on business activity in the euro area:
– Index of business activity in the manufacturing sector (PMI) (Aug), forecast 55.1,  previous value  55.1.
– Composite index of business activity (PMI) from Markit (Aug), forecast 54.5, previous value 54.3.
– Index of business activity in the services sector (Aug), forecast 54.4, the previous value of 54.2.

At 14:30 –  minutes of the ECB meeting on monetary policy will be published.

At 15:30 –  initial jobless claims, forecast 215K, previous value 212K.

At 16:45 –  data on business activity in the US:
– Index of business activity in the manufacturing sector (PMI) (Aug), forecast 55.0,  previous value 55.3.
– Composite index of business activity (PMI) from Markit, forecast 56.3, previous value 55.7.
– Index of business activity (PMI) in the services sector (Aug), forecast 55.9, previous value  56.0.

At 17:00 –  data on US real estate:
– New home sales (July), forecast 651K, previous value  631K.
– New home sales (m / m) (July), forecast 2.2%, previous value -5.3%.

Hanzenko Anton