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Trade balance. EU, 11:00 (GMT+2) 16 Sep

16Sep.202410:00

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

At 11:00 (GMT+2), in July, the EU trade balance data is due. This indicator records the difference between payments for exported and imported goods. A correction from 22.3B euros to 13.3B euros may follow, putting pressure on the euro.

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Producer price index. Switzerland, 08:30 (GMT+2)
16 Sep. 2024 07:30
Producer price index. Switzerland, 08:30 (GMT+2)

At 08:30 (GMT+2), the August data on the producer price index in Switzerland will be presented. The indicator records the change in the cost of goods, components, and raw materials on the wholesale market and is one of the most important indicators of inflation. It may fall from 0.2% MoM, and from –1.7% YoY, putting pressure on the franc.

Services PMI. Japan, 02:30 (GMT+2)
17 Sep. 2024 01:30
Services PMI. Japan, 02:30 (GMT+2)

At 02:30 (GMT+2), the Services PMI for July from the Japanese 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 of the Tankan PMI. In July, it is likely to grow from -1.3% to 0.8%.

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