The main events of Thursday!

On Thursday, August 30, the economic calendar is saturated with data. The focus of the market will be on employment in Germany, personal spending in the US and Canada’s GDP.

At 01:45 – building approvals (m / m) (July) in New Zealand, previous value -7.6%.

At 02:50 – retail sales (y / y) (July) of Japan, forecast 1.2%,  previous value  1.7%.

At 04:00 – ANZ business  confidence index (Aug) of New Zealand,  previous value  -44.9.

At 04:30 – construction permits (m / m) (July), forecast -2.5%, previous value  6.4%.

At 10:00 –  KOF (Aug) leading economic indicators of Switzerland , forecast 101.1,  previous value 101.1.

At 10:55 –   employment data in Germany:
– German unemployment change  (Aug), forecast -8K, previous value -6K.
– German unemployment rate (Aug), forecast 5.2%, previous value 5.2%.

At 15:00 –  consumer price index (CPI) of Germany (m / m) (Aug), forecast 0.1%,  previous value  0.3%.

At 15:30 –  data on personal expenses in the US:
– Core price index for personal consumption expenditure (m / m) (July), forecast 0.2%, previous value 0.1%.
– Core price index of personal consumption expenditure (y / y) (July), forecast 2.0%, previous value 1.9%.
– Initial jobless claims, forecast 214K,  previous value 210K.
– Personal spending  (m / m) (July), forecast 0.4%,  previous value  0.4%.

Also at 15:30 –  data on Canada’s GDP:
– GDP (y / y),  previous value 2.6%.
– GDP (q / q) (Q2),  previous value 0.3%.
– GDP (m / m) (June), forecast 0.1%,  previous value  0.5%.
– GDP annualized (q / q) (Q2), forecast 3.0%, previous value 1.3%.

At 20:30 – the speech of the President of the Bundesbank Weidmann.

Hanzenko Anton