You’re watching the Dukascopy Economic Calendar for Wednesday. Here’s a rundown of the most important news releases.
Coming up first at 6 AM is the German GfK Consumer Confidence for September. The August Index inched up by point 2 points, reaching its highest level in more than a year.
Swiss UBS Consumption Indicator for August is out at the same time. The Index rebounded in July on the back of rising car sales.
Swiss KOF Economic Barometer for September follows at 7. The August index declined from the 2-year high recorded a month ago.
The closely watched US Preliminary Durable Goods Orders for August is up next at 12:30 PM GMT. Orders returned to growth in July, reversing a 3.9% drop the previous month.
Federal Reserve Chair Janet Yellen will be giving a closely watched speech at 2, when she will be testifying on supervision and regulation before the House Committee on Financial Services. The speech is even more topical in light of the recent Wells Fargo scandal.
ECB President Mario Draghi follows half an hour later with a closely followed assesment about the current state of affairs in the Euro zone. He will be speaking at German Bundestag in Berlin.
And Japanese Retail Sales for August conclude the schedule at 11:50. Sales have been declining on an annual basis for the past 5 months.
I’m Jessica Walker and this was the Economic Calendar for Wednesday, the 28th of September. Check back in for the next overview of news releases for Thursday. Goodbye.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#194936
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