Here are some of the important economic data that will be the focus of the market throughout this week.
German Inflation Data (Tuesday): Preliminary readings for the monthly inflation rate in Germany are expected to start to decline again for August. This data is in focus due to Germany being the main economy in Europe.
US Consumer Confidence Data (Tuesday 10.00 PM): This reading measuring financial confidence will give an indication of consumer spending in the United States and could be an early sign for the central bank to make an assessment in setting monetary policy. The latest reading is predicted to be published with an increased number compared to before.
European Inflation Data (Wednesday 5.00 PM): After the German data at the beginning of the week, the release of the annual European inflation data will follow with a slightly increased reading for August. The high inflation rate is likely to prompt the central bank to continue its policy tightening measures after the ECB's first interest rate hike in over a decade.
US ADP NFP Employment Data (Wednesday 8.00 PM): US private sector job gains in August are forecast to have increased to over 300,000, twice as high as the previous month's reading.
US Manufacturing PMI Data ISM Survey (Thursday 10.00 PM): Survey data for the manufacturing sector in the United States will be in focus for investor evaluation. No significant changes are expected for the latest reading figures which are still at a stable level.
US NFP Employment Data Report (Friday 8.30pm): Taking center stage this week, the release of the US employment report will provide the Federal Reserve (Fed) with the latest guidance for the central bank's monetary policy setting after a speech by Fed Chairman Jerome Powell was highlighted. last weekend.
