Trade balance. EU, 11:00 (GMT+2) 17 Aug

17Aug.202310:00

Trade balance. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), the June trade balance data will be published in the EU. The indicator consolidates the difference between the amount of payments for exported and imported goods, and in June it is likely to increase from the current –0.3B euros to 18.3B euros.

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17 Aug. 2023 05:30

Service PMI. Japan, 06:30 (GMT+2)

At 06:30 (GMT+2) in Japan, the index of business activity in the service sector from the Ministry of Economy, Trade, and Industry will be published. The indicator reflects the total cost of services purchased by companies in key service industries (excluding manufacturing) and is a leading indicator to the Tankan business activity index. The value is predicted to decline from 1.2% to –0.2%, which, in turn, may put pressure on the yen.

17 Aug. 2023 13:30

Initial jobless claims. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial jobless claims will be presented in the US. The indicator measures the number of people who applied for the first time during the past week. The data is collected by the Department of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the employment sector since an increase in the value means that fewer people are being hired. It is expected that the indicator will decrease from 248.0K to 240.0K.

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