Daily Economic Calendar, September 5, 2017

There’s an early opening for this agenda at 5:45 AM when the high importance Swiss GDP for the second quarter is released. Growth accelerated in the year’s opening quarter, but it was still short of the market expectations for a half a percent gain. Swiss CPI for August continues data run at a quarter past 7.

Consumer prices have slipped for two months in a row now and a flat reading is expected this time around. Then the August Services PMI data batch begins with Italian figures available at 7:45, followed by Finalized French numbers five minutes later, Finalized German data at 7:55 and then the whole bloc’s final stats at 8 AM. According to the flash report, Services sector activity slipped to 54.9, which is the lowest level in seven months. UK report wraps up the Services PMI run at 8:30. The headline Services PMI Business Activity Index picked up to 53.8 in July, from 53.4 in June. Euro Zone retail sales for July are up next at 9 AM. Sales saw a strong half a percent monthly gain in June and this was the fifth monthly increase in a row. Ozzy Dollar could potentially be shaken up as Reserve Bank of Australia Governor is giving his remarks at 9:10 AM in a Reserve Bank Board Dinner, which will be held in Brisbane. A couple of news reports regarding US economy are out next at 2 PM GMT, including Factory Orders for July. Orders bounced back strongly in June, wiping out May’s contraction of point 3%. IBD TIPP Economic Optimism for September is the second report out at this time. Optimism improved in August and index edged up by 2 points. Ozzy Dollar traders will be monitoring closely Australian second quarter GDP report at 1:30 AM. Year’s opening quarter brought an expansion of point 3%, beating the analyst estimates for a point 2% growth.