Daily Economic Calendar – A Packed Day Of Data
The data for the day begins with the RBA Bulletin followed by the Employment change data and the Unemployment rate which is expected to come in at 5.6%. The data of late has been very weak and hence this is something that will be watched closely by the markets. Then, during a packed London session, we have the Swiss rate, Monetary Policy Assessment and then the Press Conference. Then we move on to Retail sales from the UK which is expected to come in at 0.2% which will be soon followed by the Bank Rate And the Summary from the BOE. No change in rates is expected today but the summary will be keenly watched to see what the BOE thinks about the economy.
Then during the NY session, we have the manufacturing sales data from Canada which is expected to come in at 0.7% followed by the CPI data from the US which is expected to come in at 0.2% and the Manufacturing index which is expected to come in at 9.1. As you can see, overall, a day packed with economic data.
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