A light one to start off the trading week
Good day, everyone! Hope you all had a great weekend and that you're ready to get back into the action this week. It's been a relatively calm start to the week thus far so let's see if we get more action to come later in another European summer trading day.
0600 GMT - Germany July PPI figures
Prior report can be found here. A rough gauge of inflationary pressures in the German economy. We already had inflation figures much earlier so this is very much a lagging and minor data point.
0800 GMT - SNB total sight deposits w.e. 17 August
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0900 GMT - Eurozone June construction output data
Prior figures can be found here. The data here tracks changes in output/sales in the construction industry. Not a significant data point by any means as this pertains to June figures - in which we already had the Q2 GDP estimate released already. A lagging and minor data release.
1000 GMT - Bundesbank publishes its monthly report
As per usual, not expected to contain much about policies and what not. The same rhetoric about the German economy is expected to apply, but with possible acknowledgement that there is a bit of a slowdown and the risks to the outlook remain at large.
That's all for the session. No key economic release of note today but some items to move the session along. I wish you all the best of days ahead and as always, good luck with your trading!
