Daily Economic Calendar, October 18, 2017

Wednesday brings the latest UK Labour data; let’s take a closer look at the economic calendar. But first, European Central Bank President Mario Draghi will be delivering the opening remarks at the ECB conference in Frankfurt. President Draghi is scheduled to speak at 8:10 AM and, as always, it’s worth keeping a close eye on his remarks. So UK Labour Report for August is out at half-past 8.

The unemployment rate declined even further in July, although so far it has had little effect on Bank of England’s monetary policy. Coming up next at 12:30 PM GMT is the US Building Permits for September. Permits rebounded in August, but this release could show the impact of hurricanes Harvey and Irma. Canadian Manufacturing Sales for August will be available at the same time, and sales have been declining for the past two months in light of weaker car sales. Fed will release its latest Beige Book at 6, which will provide some data behind their monetary policy decisions. Japanese Trade Balance for September is out at 11:50 in the evening and trade surplus saw little change in August as both imports and exports grew at a similar pace. Australian September Labour Report is released at half past midnight, and it is a high importance release for all the Aussie Dollar traders. The unemployment rate has stood at the same low level for the past 2 months. Commodity currency traders may want to pay close attention to Chinese third-quarter GDP, which comes at 2 AM. The Chinese economy has been growing at a steady 6.9% pace for the past 2 quarters, although this report is expected to show some easing. Chinese Industrial Production for September is due at the same time. Now, output did continue growing in August, but the gain was the weakest in 8 months. And Japanese All Industry Index for August concludes the schedule at 4:30. The Index slipped in July, partially reversing a point 2% gain the previous month.