(Upd) Focus of trading news on Erste News
During the week of September 2-6, the following news are expected to be traded on Erste News.
September, 3
At 17:00 – there will be data on business activity in the manufacturing sector (PMI) of the United States. The data will reflect the level of business activity in the United States, and thereby show the state of the US economy. These statistics will be especially acute due to the persistence of the US – China trade tension.
On September, 4 there will be several news traded on Erste News:
At 04:30 – Australian GDP will be published, expectations regarding which remain ambiguous, given the recent results of the RBA meeting, which indicated the possibility of stimulating the Australian economy if necessary. Weak growth in Australia is highly likely to indicate the rates cuts in the future.
At 11:30 – the composite PMI index of Great Britain will be released. It will reflect the mood of the business sector in the face of the risks of a tough Brexit.
At 17:00 – the Bank of Canada meeting results on the interest rate will be published. This meeting is expected to maintain the key interest rate unchanged at 1.75%. But it is also likely that the Central Bank of Canada will indicate the possibility of stimulating the economy if necessary.
September, 5
At 10:30 – interest rate decision of the Central Bank of Sweden will be published. It is expected to remain unchanged at -0.25%.
At 17:00 – data on business activity in the non-manufacturing sector (PMI) of the USA will be released. Significant volatility can be expected from the data after weak data on business activity in the US manufacturing sector.
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