Thursday brings the highly anticipated US Durable Goods Orders, so let’s find out more.
The schedule starts at quarter past 7 AM, when Swiss Second Quarter Industrial Production data are released. Industrial output returned to growth in the first quarter of 2016, following four straight quarters of decline.
German Ifo Business Climate for August follows at 8. The Index did slip in July following the Brexit vote, but the decline was much smaller than anticipated, suggesting German businesses remain resilient.
And the closely watched US Preliminary Durable Goods Orders for July are up next at 12:30 PM GMT. The June report surprised on the downside as orders posted the strongest drop in 6 months, and traders are not expecting a sustained improvement in the upcoming months.
The high importance weekly update on US Jobless Claims comes at the same time. Initial claims went down by 4 thousand during the week ending August 13 whereas the continuing claims rose by 15 thousand during the week ending August 6.
US Preliminary Services PMI for August is out at 1:45. The Index stood unchanged in July, and it remains well in the positive territory.
And the closely watched Japanese July CPI will be available at half past 11 in the evening. The annual CPI has been negative for the past 4 months, prompting suggestions the Bank of Japan should turn to more unconventional measures.
This was the Economic Calendar for Thursday, the 25th of August, with me, Sam Meredith. Check back in for the next overview of news releases for Friday. Goodbye.
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