Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Wednesday sees German business sentiment to the fore with the publication of the latest Ifo Institute survey.
German IFO Sentiment Index (0900 BST)
Germany's IFO survey is expected to confirm businesses see a modest slowing into late Q3, certainly in the manufacturing sector. The Current Climate index is expected to decline to 100.3 in August from 100.8 last month, with the Expectations index likely to decline to 100 from 101.2.
Expectations fell in July after hitting a post-Covid peak in June at 103.7 and are likely to drift again as the Delta variant remains a concern, supply chains pressures intensify, costs rise, and Asian export markets look set to slow.
Other data expected Wednesday is largely second tier, with the US MBA mortgage applications, durable goods and the Belgian National Bank's monthly business survey all set for release.
The UK CBI Distributive Trade survey was slated for release Wednesday, but was published Tuesday.
Speakers on Wednesday include ECB Vice President and executive board member Luis de Guindos
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.