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Spanish production PMI (August)
Italian production PMI (August)
French manufacturing PMI (August) Final
German manufacturing PMI (August) Final
Change in German unemployment (August)
German unemployment (August)
Euro production PMI (August) final
Euro underlying CPI (year-on-year) (August) Preliminary
Euro zone CPI m/m (August) Preliminary
IPC to euro area (August) Prelim
Euro unemployment rate (July)
Retail in Germany (Monthly) (July)
Spanish unemployment change
Spanish Services PMI (August)
Italian Services PMI (August)
PMI French Services (August) Final
German Services PMI (August) Final
Markit composite PMI for the euro (August), final
PMI Eurozone Services (August) Final
Retail sales in euros (Monthly) (July)
German orders (MoM) (July)
German IHS Markit Construction PMI (August)
It’s a bearish start and a month-long weekend for major Europeans on Monday, who saw a third consecutive day in red numbers.
The DAX30 and EuroStoxx600 fell 0.67% and 0.62% respectively, and the CAC40 fell 1.11% to lead the way.
The eurozone’s economic knowledge has been on the big business of the day.Italy’s GDP figures and Member States’ inflation figures have left the big ones on the defensive.
It’s a busy day in the euro area economic calendar.The main statistics include the initial August inflation figures for Germany, Italy and Spain.Italy’s quarter GDP figures were also attractive that day.
On the inflation front, deflationary pressures intensified in August.
Germany’s harmonized customer value index fell by 0.2% in August and 0.1% year-on-year.On a monthly basis, the harmonized customer value index fell by 0.2%.
Things were not much better in Italy.Consumer values fell by 0.5% year-on-year, while the harmonized customer value index fell by 0.5%.More worrying, however, the 1.3% drop in the harmonized customer value index in August.
Italy’s GDP figures were also not very encouraging, with the final figures in line with the initial figures. Economists had forecast upward revisions.Year.
It is a quiet day on the front lines of economic knowledge, with no vital statistics to influence later in the day.
For the DAX: another combined day for the automotive sector on Monday.BMW rose 1.73% to the opposite trend of the day.Continental and Daimler fell 0.44% and 0.40%, and Volkswagen ended the day with a 0.20% drop.
It was also a bearish day for the banks.Deutsche Bank and Commerzbank recorded losses of 3.83% and 2.17% respectively.
On the CAC side, it’s a bearish day for banks.BNP Paribas and Crédit Agricole fell 3.28% and 3.46%, respectively, and Soc Gen fell 4.04%.
Another bearish day for the French automotive sector, Peugeot and Renault recorded modest losses of 1.61% and 1.26% respectively.
Air France-KLM fell 4.11%, while Airbus SE closed the day with a 3.64% drop.
He went back to green for the VIX on Monday. Reversing a 6.17% drop since Friday, the VIX jumped 15.03 to finish the day at 26.41.
The S
This is a busy day in the eurozone’s economic calendar.Key statistics include August production PMI for Italy and Spain, unemployment figures in Germany and inflation figures for the euro area.
Finished production PMI for France, Germany, the dominance of the euro and the unemployment rate of the euro dominance will also draw attention.
From the beginning of the day, the market’s favorite Caixin production PMI for China will set the tone.
Later in the session, ISM’s manufacturing PMI will also provide direction, as markets seek a continuous V-shaped economic recovery.
Away from the economic calendar, coVID-19’s existing geopolitics and occasions should be monitored on the same day.
In futures markets, at the time of writing, the Dow Jones dropped 219 points.
This article was originally published on FX Empire
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