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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.
Eurozone inflation seen higher (Weds 1000BST)
Headline inflation is seen edging higher in August, further underlining the challenges facing the ECB ahead of the Sept 8 Governing Council meeting. Analysts expected the headline rate to edge up to 9.1% from July's 8.9%, with core rising to 4.2%.
US NFP seen adding 300,000 jobs in August (Friday 1330BST)
U.S. nonfarm payrolls are forecast to rise 300,000 in August, with wages expected to rise 0.5% m/m and 5.4% y/y. Nominal wage growth has been strong in the tight labour market, analysts noted, boosted by the 3.25 million nonfarm jobs added to payrolls so far in 2022r.
Some indicators point to slowing momentum, with job openings -- often a precursor to weakening payrolls -- declining. The data will undoubtedly be closely watched by the Fed, although the Sept 13 CPI data is likely to be of greater importance.
Quieter week for central banks
No major central bank announcements in the coming week, although the Hungarian central bank meet Tuesday.
| Date | GMT/Local | Impact | Period | Flag | Country | Release | Prior | Consensus | |
| 29/08/2022 | 0130/1130 | ** | Aug |  | AU | Retail Trade m/m | 0.2 | 0.3 | % |
| 29/08/2022 | 0600/0800 | *** | Q2 |  | SE | GDP q/q | -0.8 | 1.4 | % |
| 29/08/2022 | 0600/0800 | *** | Q2 | | SE | GDP y/y | 3.0 | -- | % |
| 29/08/2022 | 0600/0800 | ** | Jul | | SE | Retail Sales y/y | -3.6 | -- | % |
| 29/08/2022 | 1430/1030 | ** | Aug |  | US | Dallas Fed manufacturing index | -22.6 | -12.2 | |
| 29/08/2022 | 1530/1130 | * | 02-Sep | | US | Bid to Cover Ratio | -- | -- | |
| 29/08/2022 | 1530/1130 | * | 02-Sep | | US | Bid to Cover Ratio | -- | -- | |
| 30/08/2022 | 0130/1130 | * | Aug | | AU | Total Dwellings Approved m/m | -0.7 | -3.0 | % |
| 30/08/2022 | 0700/0900 | ** | Aug | | SE | Economic Tendency Indicator | 101.3 | -- | |
| 30/08/2022 | 0700/0900 | *** | Aug |  | ES | HICP (p) m/m | -0.6 | 0.2 | % |
| 30/08/2022 | 0700/0900 | *** | Aug | | ES | HICP (p) y/y | 10.7 | 10.5 | % |
| 30/08/2022 | 0800/1000 | *** | Jul |  | DE | Bavaria CPI m/m | 1.0 | -- | % |
| 30/08/2022 | 0800/1000 | *** | Jul | | DE | Bavaria CPI y/y | 8.0 | -- | % |
| 30/08/2022 | 0830/0930 | ** | Aug |  | UK | M4 Money Supply m/m | -0.3 | -- | % |
| 30/08/2022 | 0830/0930 | ** | Aug | | UK | M4 Money Supply y/y | 4.1 | -- | % |
| 30/08/2022 | 0830/0930 | ** | Aug | | UK | Mortgage Approvals (BOE) | 63726.0 | 62000 | |
| 30/08/2022 | 0830/0930 | ** | Aug | | UK | Net Consumer Credit (BOE) | 1.781 | 1.5 | GBP (b) |
| 30/08/2022 | 0830/0930 | ** | Aug | | UK | Net Lending On Dwellings | 5.273 | 5.1 | GBP (b) |
| 30/08/2022 | 0900/1100 | *** | Jul | | DE | Saxony CPI m/m | 0.6 | -- | % |
| 30/08/2022 | 0900/1100 | *** | Jul | | DE | Saxony CPI y/y | 7.2 | -- | % |
| 30/08/2022 | 0900/1100 | ** | Aug |  | EU | Economic Sentiment Indicator | 99.0 | 98.0 | |
| 30/08/2022 | 0900/1100 | * | Aug | | EU | Consumer Confidence | -- | -- | |
| 30/08/2022 | 0900/1100 | * | Aug | | EU | Industrial Sentiment | -- | -- | |
| 30/08/2022 | 0900/1100 | * | Aug | | EU | Business Climate Indicator | -- | -- | |
| 30/08/2022 | 1200/1400 | *** | Aug | | DE | HICP (p) m/m | 0.8 | 0.3 | % |
| 30/08/2022 | 1200/1400 | *** | Aug | | DE | HICP (p) y/y | 8.5 | 8.7 | % |
| 30/08/2022 | 1230/0830 | * | Q2 |  | CA | Current account | -- | -- | CAD (b) |
| 30/08/2022 | 1255/0855 | ** | 27-Aug | | US | Redbook Retail Sales y/y (month) | 12.2 | -- | % |
| 30/08/2022 | 1255/0855 | ** | 27-Aug | | US | Redbook Retail Sales y/y (week) | 13.5 | -- | % |
| 30/08/2022 | 1300/0900 | ** | Jun | | US | Case-Shiller Home Price Index | -- | -- | |
| 30/08/2022 | 1300/0900 | ** | Jun | | US | FHFA Home Price Index m/m | 1.4 | 0.8 | % |
| 30/08/2022 | 1300/0900 | ** | Jun | | US | Prior Revised HPI % Chge mm SA | 1.5 | -- | % |
| 30/08/2022 | 1300/0900 | ** | Q2 | | US | FHFA Quarterly Home Prices q/q | 4.58 | -- | % |
| 30/08/2022 | 1400/1000 | *** | Aug | | US | Conference Board confidence | 97.4 | 95.7 | |
| 30/08/2022 | 1400/1000 | *** | Aug | | US | Previous Consumer Confidence Index Revised | -- | -- | |
| 30/08/2022 | 1400/1000 | ** | Jun | | US | JOLTS job openings level | 10698 | 10300 | (k) |
| 30/08/2022 | 1400/1000 | ** | Jun | | US | JOLTS quits rate | 2.8 | -- | % |
| 31/08/2022 | 2301/0001 | * | Aug | | UK | BRC Shop Price Index m/m | 0.7 | -- | % |
| 31/08/2022 | 2301/0001 | * | Aug | | UK | BRC Shop Price Index y/y | 4.4 | -- | % |
| 31/08/2022 | 0130/1130 | *** | Q2 | | AU | Construction Work Done q/q | -0.9 | 0.8 | % |
| 31/08/2022 | 0645/0845 | *** | Aug |  | FR | HICP m/m (p) | 0.3 | 0.5 | % |
| 31/08/2022 | 0645/0845 | *** | Aug | | FR | HICP y/y (p) | 6.8 | 6.7 | % |
| 31/08/2022 | 0645/0845 | ** | Jul | | FR | PPI m/m | 1.3 | -- | % |
| 31/08/2022 | 0645/0845 | ** | Jul | | FR | PPI y/y | 27.0 | -- | % |
| 31/08/2022 | 0645/0845 | *** | Q2 | | FR | GDP (f) q/q | 0.5p | 0.5 | % |
| 31/08/2022 | 0645/0845 | *** | Q2 | | FR | GDP (f) y/y | 4.2p | 4.2 | % |
| 31/08/2022 | 0645/0845 | ** | Jul | | FR | Consumer Spending y/y | -4.4 | -- | % |
| 31/08/2022 | 0645/0845 | ** | Jul | | FR | Consumer Spending m/m | 0.2 | -0.3 | % |
| 31/08/2022 | 0700/0900 | * | Aug |  | CH | KOF Economic Barometer | 90.1 | 88.4 | |
| 31/08/2022 | 0755/0955 | ** | Aug | | DE | Unemployment Change m/m | 48.0 | 24.0 | |
| 31/08/2022 | 0755/0955 | ** | Aug | | DE | Unemployment Rate | 5.4 | 5.5 | % |
| 31/08/2022 | 0900/1100 | *** | Aug |  | IT | HICP (p) m/m | -1.1 | 0.0 | % |
| 31/08/2022 | 0900/1100 | *** | Aug | | IT | HICP (p) y/y | 8.4 | 8.2 | % |
| 31/08/2022 | 0900/1100 | *** | Aug | | EU | HICP (p) 'core' y/y | 4.0 | 4.2 | % |
| 31/08/2022 | 0900/1100 | *** | Aug | | EU | HICP (p) y/y | 8.9 | 9.0 | % |
| 31/08/2022 | 1100/0700 | ** | 26-Aug | | US | MBA Mortgage Applications w/w | -1.2 | -- | % |
| 31/08/2022 | 1215/0815 | *** | Jul | | US | ADP Private Payrolls | -- | -- | (k) |
| 31/08/2022 | 1230/0830 | *** | Q2 | | CA | GDP m/m | 0.7 | -- | % |
| 31/08/2022 | 1230/0830 | *** | Q2 | | CA | GDP q/q annualized | 3.1 | -- | % |
| 31/08/2022 | 1345/0945 | ** | Aug | | US | MNI Chicago PMI | 52.1 | 53.1 | |
| 31/08/2022 | 1430/1030 | ** | 26-Aug | | US | Crude Oil Stocks ex. SPR w/w | -3.282 | -- | bbl (m) |
| 31/08/2022 | 1430/1030 | ** | 26-Aug | | US | Distillate Stocks w/w change | -0.662 | -- | bbl (m) |
| 31/08/2022 | 1430/1030 | ** | 26-Aug | | US | Gasoline Stocks w/w change | -0.027 | -- | bbl (m) |
| 01/09/2022 | 2300/0900 | ** | Jul | | AU | IHS Markit Manufacturing PMI (f) | 54.5 | -- | |
| 01/09/2022 | 0030/0930 | ** | Aug |  | JP | IHS Markit Manufacturing PMI (f) | -- | -- | |
| 01/09/2022 | 0130/1130 | * | Q3 | | AU | Total New Capital Expn % SA Q/Q | -0.3 | 1.0 | % |
| 01/09/2022 | 0130/1130 | ** | Sep | | AU | New Home Loans m/m | -3.3 | -2.8 | % |
| 01/09/2022 | 0145/0945 | ** | Aug |  | CN | IHS Markit Manufacturing PMI (f) | -- | -- | |
| 01/09/2022 | 0630/0830 | *** | Aug | | CH | CPI m/m | 0.0 | 0.2 | % |
| 01/09/2022 | 0630/0830 | *** | Aug | | CH | CPI y/y | 3.4 | 3.4 | % |
| 01/09/2022 | 0630/0830 | ** | Jul | | CH | Retail Sales m/m | 0.1 | -- | % |
| 01/09/2022 | 0630/0830 | ** | Jul | | CH | Retail Sales wda y/y | 1.2 | -- | % |
| 01/09/2022 | 0715/0915 | ** | Aug | | ES | IHS Markit Manufacturing PMI (f) | 48.7 | 48.5 | |
| 01/09/2022 | 0745/0945 | ** | Aug | | IT | IHS Markit Manufacturing PMI (f) | 48.5 | 48.1 | |
| 01/09/2022 | 0750/0950 | ** | Aug | | FR | IHS Markit Manufacturing PMI (f) | 49.0p | 49.0 | |
| 01/09/2022 | 0755/0955 | ** | Aug | | DE | IHS Markit Manufacturing PMI (f) | 49.8f | 49.8 | |
| 01/09/2022 | 0800/1000 | ** | Aug | | EU | IHS Markit Manufacturing PMI (f) | -- | -- | |
| 01/09/2022 | 0830/0930 | ** | Aug | | UK | IHS Markit/CIPS Manufacturing PMI (Final) | 46.0p | -- | |
| 01/09/2022 | 0900/1000 | ** | 02-Sep | | UK | Bid to Cover Ratio | -- | -- | |
| 01/09/2022 | - | *** | Aug | | US | NA-made light vehicle sales SAAR | -- | -- | (m) |
| 01/09/2022 | 1230/0830 | * | Jul | | CA | Building Permits | -- | -- | % |
| 01/09/2022 | 1230/0830 | ** | 27-Aug | | US | Continuing Claims | 1415.0 | -- | (k) |
| 01/09/2022 | 1230/0830 | ** | 27-Aug | | US | Initial Jobless Claims | 243.0 | -- | (k) |
| 01/09/2022 | 1230/0830 | ** | 27-Aug | | US | Prev Continuing Claims, Rev | 1434.0 | -- | (k) |
| 01/09/2022 | 1230/0830 | ** | 27-Aug | | US | Prev Initial Jobless Claims, Rev | 245.0 | -- | (k) |
| 01/09/2022 | 1230/0830 | ** | Q2 | | US | non-farm productivity (f) | -4.6 | -4.6 | % |
| 01/09/2022 | 1230/0830 | ** | Q2 | | US | unit labor costs (f) | 12.6 | -- | % |
| 01/09/2022 | 1345/0945 | *** | Aug | | US | IHS Markit Mfg Index (final) | 51.3p | 51.3 | |
| 01/09/2022 | 1400/1000 | *** | Aug | | US | ISM Manufacturing Index | 52.8 | 52.1 | |
| 01/09/2022 | 1400/1000 | * | Jul | | US | Construction Spending m/m | -1.1 | -0.1 | % |
| 01/09/2022 | 1430/1030 | ** | 26-Aug | | US | Natural Gas Stocks w/w | 60.0 | -- | Bcf |
| 02/09/2022 | 0600/0800 | ** | Jul | | DE | Trade balance exports m/m | -- | -- | % |
| 02/09/2022 | 0600/0800 | ** | Jul | | DE | Trade balance imports m/m | -- | -- | % |
| 02/09/2022 | 0600/0800 | ** | Jul | | DE | Trade balance m/m | -- | -- | E (b) |
| 02/09/2022 | 0900/1100 | ** | Jul | | EU | PPI m/m | 1.1 | 2.5 | % |
| 02/09/2022 | 0900/1100 | ** | Jul | | EU | PPI y/y | 35.8 | 35.8 | % |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Corn Net Sales | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Corn Weekly Exports | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Soy Net Sales | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Soy Weekly Exports | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Wheat Net Sales | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | ** | 01-Sep | | US | Wheat Weekly Exports | -- | -- | MT (k) |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Average Hourly Earnings, m/m | 0.5 | 0.4 | % |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Average Workweek, All Workers | 34.6 | 34.6 | hrs |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Nonfarm Payrolls | 528.0 | 300 | (k) |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Prev Nonfarm Payrolls, Rev | 398.0 | -- | (k) |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Private Payrolls | 471.0 | 300 | (k) |
| 02/09/2022 | 1230/0830 | *** | Aug | | US | Unemployment Rate | 3.5 | 3.5 | % |
| 02/09/2022 | 1400/1000 | ** | Jul | | US | Factory New Orders | 2.0 | -- | % |
| 02/09/2022 | 1400/1000 | ** | Jul | | US | Factory Orders ex-transport | 1.4 | -- | % |
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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.
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