The main events of Wednesday!

On Wednesday, September 5, the day is saturated with data on business activity in the services sector in Europe. But the main focus of the market will be  on data on Australia’s GDP, the trade balance of the US and Canada, and the results of the meeting of the Bank of Canada.

At 04:30 –  data on Australia’s GDP:
– GDP (y / y) (Q2),  forecast  2.8%, previous value  3.1%.
– GDP (q / q) (Q2),  forecast  0.8%,  previous value 1.0%.

At 04:45 – Caixin index of business activity in the services sector (PMI)  (Aug), forecast 52.7,  previous value 52.8.

At 10:55 – index of business activity in the German services sector (Aug),  forecast 55.2, previous value 55.2.

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

At 11:30 –  index of business activity in the services sector (Aug) of Great Britain, forecast 53.9,  previous value 53.5.

At 12:00 – volume of retail sales (m / m) (July), forecast -0.1%,  previous value  0.3%.

At 15:30 –  data on the trade balance of the US and Canada:
– US exports, previous value  213.81B.
– US imports,  previous value  260.16B.
– Trade balance (July), USA, forecast -50.20B,  previous value  -46.30B.
– Labor productivity (q / q) (Q2) of Canada, forecast 0.4%, previous value -0.3%.
– Trade balance (July) of Canada, forecast -1.13B,  previous value  -0.63B.

At 17:00 – interest rate decision of the Bank of Canada, forecast 1.50%,  previous value 1.50%.

At 23:30 – API weekly stocks of crude oil  in the US, previous value 0.038M.

Hanzenko Anton