Eurozone August final CPI figures in focus
Good day, everyone! Hope you all had a wonderful weekend and that you're ready to tackle the new trading week. The notable event so far has been weekend news that US is planning to announce $200 billion tariffs on Chinese goods as early as today, though the levies are reported to be 10% instead of the feared 25%.
Asian equities are mostly lower as a result but the currencies space is taking the news more in stride but of note the kiwi is weaker while the swissie and yen are among the leaders for the day, though ranges have been narrow.
0800 GMT - SNB total sight deposits w.e. 14 September
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0800 GMT - Italy July trade balance data
Prior release can be found here. A minor data point and a lagging one as we already had Eurozone figures released last week.
0900 GMT - Eurozone August final CPI figures
Preliminary figures can be found here. The inflation mandate is the key thing that is helping to convince the ECB to normalise, so inflationary pressures are a key item to look at. However, as these are final readings they're not going to weigh much on markets unless they skew far off from initial estimates.
1000 GMT - Bundesbank releases its monthly report
The usual German central bank rhetoric should apply. The report here will touch on domestic growth and risks associated to the German economy.
Also to come, we'll have ECB's Coeure speaking in Berlin at 0900 GMT. Coeure will be delivering introductory remarks at an event organised by the German Institute of Ecomic Research. Then, at 1015 GMT, we'll have ECB economist Peter Praet speaking in Brussels. Praet will be speaking on "Economic developments in the euro area".
That's all for the session ahead. I wish you all the best of days and good luck with your trading!
