New York Session Heads Up August 31 2022
- Powell Abandons Soft Landing Goal As He Seeks ‘Growth Recession’
- EU To Restrict Travel Rules For Russians But Split On How Far To Go
- Europe Braces For The Risk Of Rationing In Russian Gas Showdown
- Eurozone Inflation Hits Record As ECB Hawks Push For A Jumbo Hike
- ECB’s Nagel: Must Deliver A ‘Strong’ Interest Rate Hike Next Week
- German Unemployment Edges Up As More Refugees Join Workforce
- Ukraine Tries To Make Southern Offensive A Turning Point In The War
- Euro Slips Back Below Parity; Sterling Set For Worst Month Since 2016
- US Treasury Yields Move Higher Ahead Of Key Labour Market Data
- Oil Prices Fall; OPEC+ JTC Raises 2022 Oil Market Surplus Forecast
- US Equity Futures Mixed After Wall Street’s Third Straight Day Of Losses
- Fed Gets Path To Hike As Job Openings, Confidence Surprise
- China’s Factories Still Struggling As Power Cuts Curb Output
- Taiwan Shoots At Drone Over Outlying Island For First Time
- BoJ Official Warns Of Weak Recovery, Sustained Low Rates
- ECB’s Nagel: Recession Fears Shouldn’t Delay Rate Increases
- ECB’s Stournaras Opposes Big Rate Move, Calls For Prudence
- Sunak Warns Of Risk That Markets Lose Faith In UK Economy
- UK Government Mulls Rent Caps To Protect Housing Tenants
- UK Business Confidence Hit Again By Inflation, Lloyds Surveys
- UK Shops Inflation Climbs To Highest Rate On Record, BRC Say
- Gazprom To Halt Gas Supplies To Engie, Cites Lack Of Payment
- Snap Plans To Cut 20% Of Staff On Digital Advertising Downturn
Economic Data
- Eurozone CPI (Y/Y) Aug P: 9.1% (est 9.0%; prev 8.9%)
- Eurozone Core CPI (Y/Y) Aug P: 4.3% (est 4.1%; prev 4.0%)
- German Import Price Index (Y/Y) Jul: 28.9% (est 28.8%; prev 29.9%)
- German Unemployment Change (000’s) Aug: 28.0K (est 28.5K; prev 48.0K)
- French CPI EU Harmonised (Y/Y) Aug P: 6.5% (est 6.7%; prev 6.8%)
- French GDP (Y/Y) Q2 F: 4.2% (est 4.2%; prev 4.2%)
- French PPI (Y/Y) Jul: 27.2% (prev 27.0%)
- French Consumer Spending (Y/Y) Jul: -4.3% (est -3.9%; prev -4.4%)
- Italian CPI EU Harmonised (Y/Y) Aug P: 9.0% (est 8.2%; prev 8.4%)
- Belgian GDP SA (Y/Y) Q2 F: 3.3% (prev 3.3%)
- Turkish GDP (Y/Y) Q2: 7.6% (est 7.4%; prev 7.3%)
- Chinese Manufacturing PMI Aug: 49.4 (exp 49.2; prev 49.0)
- Japanese Retail Sales (Y/Y) Jul: 2.4% (exp 1.9%; prev 1.5%)
- Japanese Industrial Production (Y/Y) Jul P: 1.8% (exp -2.4%; prev -2.8%)
- South Korean Industrial Production (M/M) Jul: -1.3% (R prev 1.7%)
- Australian Private Sector Credit (M/M) Jul: 0.7% (exp 0.7%; prev 0.9%)
- Australian Construction Work Done Q2: -3.8% (exp 0.8%; R prev -0.3%)
- New Zealand Building Permits (M/M) Jul: 5.0% (R prev -2.2%)
- New Zealand ANZ Business Confidence Aug: -47.8 (prev -56.7)