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.
Thursday throws up a full data calendar, although most releases are second tier.
German industrial production seen lower (0700BST)
German industrial production is expected to have fallen in August, expected to slide from the July levels. Analysts see growing declining 0.4% m/m versus a gain of 1% in July. Year-on-year, growth is seen slowing to 5% from 5.7% in July.
However, following the much weaker than expected August manufacturing orders data released Wednesday, there is a risk of a downside surprise for the latest production data.
Initial claims improving (1330 BST)
Initial claims are expected to fall to 348,000 in the latest period, declining from the 362,000 recorded last week. Analysts see continuing claims falling to 2.79 million from 2.802 million.
Speakers slated for Thursday include ECB Executive Board member Isabel Schnabel, ECB economist Philip Lane, BOC Governor Tiff Macklem and Cleveland Fed President Loretta Mester.
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.