What's ahead on the European data slate - 10 August

Quiet day ahead

Good morning one and all. I shall be stepping in to cover Justin while he has a well earned rest, so I look forward to taking you through the start of the European session. The hand over from the overnight Asian session has been quiet with markets static in narrow ranges in part due to holidays in Japan and Singapore. It is a quiet day ahead in terms of scheduled data releases too:

0645BST Switzerland July unemployment rate

Swiss unemployment fell in June after the tick higher seen over the past few months amid the fallout from the virus outbreak. This was surprising, and it either points to the economy taking a less severe hit than anticipated from the crisis or that government support programs actually worked out extremely well. This month it will be interesting to see how the Swiss economy has fared. However, as always for the franc and the SNB, the measures of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term will remain the key factor in the CHF CHF The Swiss franc or Confoederatio Helvetica (CHF) is the official currency of Switzerland and Liechtenstein. The CHF is currently the seventh most-traded currency in the world and is treated as a significant reserve currency.Unlike other currencies in the world’s leading economies, the CHF was notable for its currency peg with the euro (EUR). Started in 2011, the Swiss National Bank (SNB) pegged the CHF to the EUR at a minimum exchange of 1.2.At the time, the peg was justified due to the strong C The Swiss franc or Confoederatio Helvetica (CHF) is the official currency of Switzerland and Liechtenstein. The CHF is currently the seventh most-traded currency in the world and is treated as a significant reserve currency.Unlike other currencies in the world’s leading economies, the CHF was notable for its currency peg with the euro (EUR). Started in 2011, the Swiss National Bank (SNB) pegged the CHF to the EUR at a minimum exchange of 1.2.At the time, the peg was justified due to the strong C Read this Term's path.

0930BST European Sentix Investor confidence data release

Not a major release by any means, but it will be viewed in light of general eurozone recovery sentiment. Last reading was -18.2 and a reading of -15.2 is expected. The maximum expected reading is -8.5 and the minimum is -20. This is a survey of around 1600 financial analysts and institutional investors on the current market view and future expectations in the next 6 months.

There is nothing noteworthy on scheduled speeches ahead either. Looks like a quiet one folks!