A rather empty day on the calendar, again
Good day, one and all! Hope you're all doing well as we get things underway in European trading soon enough. The kiwi is the weakest performer after the RBNZ tilted more to the dovish side in its monetary policy decision earlier but all eyes in Europe will still be on the pound surely.
There is limited action to come from data releases yet again - as has been the case the whole week - so trading today again will be about the ebb and flow.
0545 GMT - Switzerland July unemployment rate
Prior release can be found here. Swiss labour market has continued to tighten since last year and the seasonally adjusted figure touched its lowest since 2008 in June. The inflation data matters more, but labour market tightness is always welcome too. A minor data point.
0800 GMT - ECB releases economic bulletin for its 26 July MPC meeting
Usually just a reiteration of the ECB statement, should not contain anything unexpected that will surprise markets. But note this down just in case. This was the previous bulletin release. And this was the decision/statement on 26 July.
Italy's prime minister Conte will be speaking to reporters at 0900 GMT as questions surrounding the budget continue to ring in and keep BTPs on edge. Yesterday, finance minister Tria gave lower estimations for GDP growth here which is likely to mean that the public deficit will be higher than the 1.5% pledge by Di Maio in April.
That's all for the session. Yet another light one, I wish you all the best of days ahead and good luck with your trading!
