Economic calendar: PMI data and Nvidia results in focus!

taketonews

09:18 August 23, 2023

  • European index futures point to a higher open of the session in the old continent.

  • Investor attention today will be on PMI data and Nvidia results (post US session).

European index futures are pointing to a higher session open in the old continent. This follows a relatively good Asia Pacific session in which the Nikkei by 0.25%, the S&P/ASX 200 by 0.57% and the hang seng increased by over 0.78%.

Overall, today’s session will mainly focus on the PMI data. Additionally, investors will hear about Canadian Retail Sales and US Home Sales. At the beginning of the session, the most volatile instruments are: (forex market) JPY and Aud (upwards moves) CHF and CAD (down movements); (Raw materials) SILVER and GRAIN (upwards moves) SOYABEAN and STI (down movements).

Calendar for today’s meeting, all information in German time:

09:15 am – 08:15 am BST – France PMI index for August.

  • Industry. Prognosis: 45.1. Previously: 45.1.

  • Services. Prognosis: 47.4. Previously: 47.1.

09:30 – Germany, PMI index for August.

  • Industry. Prognosis: 38.7. Before: 38.8.

  • Services. Prognosis: 51.5. Previously: 52.3.

10:00 am – Eurozone PMI index for August.

  • Industry. Prognosis: 42.6. Previously: 42.7.

  • Services. Prognosis: 50.5. Previously: 50.9.

10:30 am – UK PMI index for August.

  • Industry. Prognosis: 45.0. Previously: 45.3.

  • Services. Prognosis: 50.9. Before: 51.5.

2:30 p.m. – Canada Retail Sales for June.

  • Revenue month-to-month comparison. Forecast: 0.3%. Before: 0%

  • Monthly comparison without cars. Forecast: 0%. Previously: 0.2%.

3:45 p.m. – US PMI index for August.

  • Industry. Prognosis: 49.3. Before: 49.0.

  • Services. Prognosis: 52.2. Previously: 52.3.

4:00 p.m. – US, US new home sales.

4:30 p.m. – US Crude Oil Inventories Change.

  • Oil. Prognosis: -2.9 bbl. Before: -5.96 bbl

  • Petrol. Prognosis: -1 bbl Before: -0.26 bbl

  • distillates. Forecast: 0.3 bbl Previous: 0.3 bbl

Quarterly results will be released during today’s session:

  • NVIDIA Corporation (by session)

  • Analog Devices, Inc. (pre-session)

  • Snowflake Inc. (after session)

  • Autodesk, Inc. (after session)

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