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Trade balance. Turkey, 09:00 (GMT+2) 28 Aug

28Aug.202408:00

Trade balance. Turkey, 09:00 (GMT+2)

At 09:00 (GMT+2), Turkey will publish the July data on the trade balance, recording the difference between the amount of payments for exported and imported goods. It may fall from –5.87B liras, putting pressure on the national currency.

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GfK consumer climate. Germany, 08:00 (GMT+2)
28 Aug. 2024 07:00
GfK consumer climate. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), Germany will publish the September data on the GfK Group consumer climate index, which assesses the degree of confidence in the strength of the economy and is a leading indicator of household spending. It may fall from –18.4 points to –18.1 points, putting pressure on the euro.

ZEW economic expectations. Switzerland, 10:00 (GMT+2)
28 Aug. 2024 09:00
ZEW economic expectations. Switzerland, 10:00 (GMT+2)

At 10:00 (GMT+2), the August Swiss Economic Expectations Index from the Centre for European Economic Research (ZEW) is due, measuring the difference between the share of institutional investors and analysts who are optimistic and pessimistic, and being an important indicator of business conditions and the country’s economic well-being. It may rise from 9.4 points, supporting the franc.

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