Most important events on economic calendar 4 to 8 September


In the United States, the week will be shorter than usual due to the Labor Day holiday scheduled for Monday, and one of the highlights of this short week will be the report on service sector growth. In the UK, investors will be close to two reports on services and construction activity continuing to assess the economic impact of the UK exit from the EU.
The following are major news items on the economic calendar this week
1. ECB Meeting:
The European Central Bank will conclude its two day monetary policy meeting on Thursday. When the Bank’s decision is announced at 7:45 am ET (1:45 pm EDT), markets expect the central bank to keep its key interest rate unchanged at a historic low of 0.00 %. The attention will be paid to the press conference of the President of the Bank, Mario Draghi, which is always followed by the 45-minute announcement, which is scheduled to start at 8:30 am Eastern Time (2:30 pm Frankfurt ECB headquarters) In search of further evidence on the future course of the Bank’s monetary policy.
2. China: International trade figures
China, the world’s second largest economy, will release international trade figures for July early Friday and at 3:00 am GMT. Analysts expect the report to show that the country’s trade surplus rose to $ 48.6 billion from $ 45.7 billion in July.
3. Reports of US purchasing managers
The US Supply Management Institute will release the August Service Sector Managers’ Index for the month of August, at 10:00 AM Eastern Time (2:00 pm GMT). The market expects the index to rise by 1.4 points to 55.3 points.
Investors will also be waiting for a number of Fed officials to speak to the public for new information on how the central bank will cut its ballooning budget. Comments from a group of bank officials, including the Fed chairman In New York, William Dadley, the Governor of Lyle Bernhard, Dallas Federal Reserve Chairman Robert Caiplin, the Federal Reserve Chairman of Neapolis, Neil Kashkari, and Philadelphia Fed Chairman Patrick Harker.
Investors are also expected to continue monitoring political news from the unstable US capital.
4. The activity of the construction sector in the United Kingdom
The UK’s Bureau of National Statistics is due to publish construction activity data for August at 8:30 am (4:30 am EST) on Monday, followed by the same report for the services sector on Tuesday and Timely.
The construction sector is expected to register 52.0 after recording 51.9 during the previous month. The services sector, the largest sector in the country, is expected to drop to 53.5 from 53.8 in the previous month.
5. The Bank of Canada’s decision on interest rates:
The Bank of Canada is due to issue its interest rate decision on Wednesday at 10:00 am ET, with most analysts expecting the central bank to keep its key interest rate unchanged at 0.75%.
The Bank of Canada raised interest rates for the first time in seven years at its last meeting in July, leaving the door wide open for further leverage decisions. Investors rely on strong prospects for the leader to be back at least before the end of this year, and at least once in 2018.