Economic calendar is light

Next week is traditionally the last week of summer. Well it really extends into Monday, September 3rd with the Labor Day holiday in the US and Canada too.

I don't know much about the start of school in other countries, but if the kiddies are not back in school already (in Arizona, they are two weeks into the year), they will be starting up a day or two after the Labor Day holiday. So Mommy and Daddy are back to work too.

On Monday, London has their end of summer bank holiday. Friday is a work day but the stock and bond markets tend to wind down early. The forex markets will be open on both days (and even on Labor Day Monday, but activity can be light.

What key releases can we expect next week?

US and Mexico will continue to work on NAFTA agreement over the weekend.

Monday:

German IFP Business climate. Est. 101.9 vs 101.7

Tuesday

Conference Board Consumer confidence, Est. 126.5 vs 127.4 last

Wednesday

USD prelim GDP QoQ 2Q. Est 4.0% vs 4.1% advanced release. Consumption 3.9% vs 4.0% last. Core PCE QoQ 2.0% vs 2.0% last

Thursday

ANZ business confidence. Last -44.9

Germany Prelim CPI. Est. 0.2% vs 0.3% last

Canada GDP MoM. Est. 0.1% vs 0.5% last. YoY 2.3% vs 2.6% last

US Core PCE YoY, Est. 2.0% vs 1.9% last

Friday

EU CPI Flash Estimate YoY 2.1% vs 2.1% last. Core 1.1% vs 1.1% last