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In the States; the drop in oil prices is expected to have had some impact on the August US CPI data (Friday) although the decline at the wholesale level did not get passed through fully into retail prices during the month. The drop in petrol prices is expected to have a negative impact on overall retail sales (Thursday). The other negative for sales on the month was the reported decline in car sales. On the flip side, the drop in petrol prices could help consumer sentiment and the provisional reading from the University of Michigan for September (Friday) is forecast to have nudged slightly higher. The slowdown in the pace of US industrial production is expected to have continued in August (Friday). A more forward-looking view on the industrial sector will come from the ??Empire State? survey from the New York Fed (Friday). Finally, the trade balance for July (Tuesday) is expected to have deteriorated. We will provide our previews of these data releases in the daily summary.
Keywords: forex, trade, stock, bank, account, daytrade, Business and Economy, Marketing. |
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