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EUROPEAN ECONOMICS PREVIEW: ECB MONETARY POLICY DECISION DUE



The monetary policy announcement from the European Central Bank is due on Thursday, headlining a light day for the European economic news.

The bank is expected to signal a gradual reduction in asset purchases and to keep its key interest rates unchanged. The monetary policy statement is due at 7.45 am ET.

ECB President Christine Lagarde holds her customary press conference at 8.30 am ET. The ECB staff macroeconomic projections is also due. The bank is widely expected to raise its inflation and growth forecasts for 2021.

Other economic reports due for the day are as follows:

At 2.00 am ET, Destatis releases Germany's foreign trade data for July. Economists forecast exports to grow 0.5 percent on month and imports to rise 0.2 percent. In the meantime, external trade figures are due from Romania and Lithuania.

At 5.00 am ET, unemployment data for June is due from Greece. The rate stood at 15.9 percent in May.

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NEW ZEALAND ELECTRONIC CARD SPENDING DATA DUE ON FRIDAY



New Zealand will on Friday release August figures for electronic retail card spending, highlighting a light day for Asia-Pacific economic activity.

Spending is expected to have risen 1.7 percent on month and 11.4 percent on year after gaining 0.6 percent on month and 4.7 percent on year in July.

Australia will see consumer inflation expectations for September; in August, the forecast suggested an increase of 3.3 percent on year.

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JAPAN LARGE COMPANIES' BUSINESS SENTIMENT TURNS POSITIVE



Confidence among Japanese larger companies turned positive in the third quarter, survey data from the Ministry of Finance showed on Monday.

The Business Survey Index, or BSI, of larger companies climbed to +3.3 in the September quarter from -4.7 in the June quarter.

The confidence index for the fourth quarter is forecast to rise to 6.8.

The confidence index of manufacturers came in at 7.0 versus -1.4 a quarter ago. Likewise, sentiment among non-manufacturers improved to 1.5 from -6.2 in the third quarter.

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SOUTH KOREA EXPORT PRICES JUMP 18.6% ON YEAR



Export prices in South Korea were up 18.6 percent on year in August, the Bank of Korea said on Tuesday - following the 17.4 percent increase in July.

Export prices for manufacturing products advanced 18.6 percent on year and export prices for agricultural, forestry and marine products gained 9.6 percent.

Import prices jumped an annual 21.6 percent, up from 19.5 percent in the previous month.

On a monthly basis, export prices rose 1.0 percent and import prices gained 0.6 percent.

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POUND FIRMS AFTER U.K. CPI, PPI



At 2.00 am ET Wednesday, the Office for National Statistics has published UK consumer and producer price data for August.

The pound rose further against its major counterparts after the data. The pound was trading at 1.3820 against the greenback, 151.43 against the yen, 1.2714 against the franc and 0.8544 against the euro around 2:02 am ET.

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DUTCH JOBLESS RATE RISES IN AUGUST



The Dutch jobless rate rose marginally in August, data from the Central Bureau of Statistics showed on Thursday.

The ILO jobless rate for the 15-75 year old age group fell a seasonally adjusted 3.2 percent in August from 3.1 percent in July.

The number of unemployed persons rose to 301,000 in August from 289,000 in the preceding month, the agency said.

The unemployment rate among youth aged between 15 and 24 years, increased to 7.4 percent in August from 7.3 percent in the previous month.

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EUROPEAN ECONOMICS PREVIEW: UK RETAIL SALES DATA DUE



Retail sales data from the UK is due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK retail sales data for August. Sales are forecast to grow 0.5 percent from July, when the volume was down 2.5 percent.

At 3.00 am ET, August consumer price data is due from Austria. Consumer prices were up 2.9 percent annually in July.

At 4.00 am ET, the European Central Bank publishes euro area current account data for July. In the meantime, corporate sector wages data is due from Poland.

At 4.30 am ET, the Bank of England/Kantar Inflation Attitudes Survey results are due.

At 5.00 am ET, Eurostat is set to release euro area final consumer price data. Inflation is seen at 3 percent in August, unchanged from the preliminary estimate, but up from 2.2 percent in July.

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NEW ZEALAND SERVICES INDEX DATA DUE ON MONDAY



New Zealand will on Monday see August results for the Performance of Services Index from BusinessNZ, headlining a light day for Asia-Pacific economic activity. In July, the index score was 57.9.

Hong Kong will release August figures for consumer prices; in July, inflation was up 3.7 percent on year.

Finally, the markets are closed on Monday in Japan (Respect for the Aged Day), South Korea (Chuseok Festival) and Taiwan and China (Mid-Autumn Festival). Japan returns to action on Tuesday, while Taiwan and China are back on Wednesday and South Korea returns on Thursday.

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EUROPEAN ECONOMICS PREVIEW: UK PUBLIC SECTOR FINANCE DATA DUE



Public sector finances data from the UK is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for August. The budget deficit is seen at GBP 15.6 billion versus GBP 10.4 billion in July.

In the meantime, Swiss foreign trade data is due for August.

At 3.30 am ET, Riksbank is set to announce its interest rate decision. The bank is expected to hold its key rate at zero percent. Also, Sweden unemployment data is due. At 6.00 am ET, the Confederation of British Industry releases UK Industrial Trends survey results. The order book balance is seen at 15 percent in September versus 18 percent in August.

At 8.00 am ET, Hungary's central bank announces its interest rate decision. Economists expect the bank to hike its key rate to 1.75 percent from 1.50 percent.

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JAPAN INTEREST RATE DECISION DUE ON WEDNESDAY



The Bank of Japan will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The bank is widely expected to keep its benchmark lending rate steady at -0.1 percent, although other forms of stimulus may be introduced.

Australia will see August results for the leading economic index from Westpac Bank; in July, the index slipped 0.12 percent on month.

Taiwan will release unemployment data for August; in July, the jobless rate was 4.36 percent.

China will provide updated prime rates for its one-year and five-year loans; previously, they were 3.85 percent and 4.65 percent, respectively.

Finally, the markets in South Korea (Chuseok Festival) and Hong Kong (Mid-Autumn Festival) are closed on Wednesday; both return to action on Thursday.

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BRAZIL CENTRAL BANK LIFTS KEY RATE BY 100 BPS; SIGNALS ANOTHER HIKE NEXT MONTH



Brazil's central bank raised its key interest rates by 100 basis points on Wednesday and signaled another hike of the same magnitude at the next meeting to bring inflation down to the target.

The monetary policy committee, known as Copom, unanimously decided to increase the Selic rate by 100 basis points to 6.25 percent from 5.25 percent.

The bank has raised its rate by a massive 425 basis points so far this year.

Policymakers observed that, at the current stage of the tightening cycle, this pace is the most appropriate to guarantee inflation convergence to the target and allow the committee to gain more information regarding the state of the economy.

"For the next meeting, the Committee foresees another adjustment of the same magnitude," the bank said in a statement.

"The Copom emphasized that its future policy steps could be adjusted to ensure the achievement of the inflation target and will depend on the evolution of economic activity, on the balance of risks, and on inflation expectations and projections for the relevant horizon for monetary policy," the bank said.

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FINLAND PRODUCER PRICE INFLATION INCREASES IN AUGUST



Finland's producer price inflation accelerated in August, data from Statistics Finland showed on Tuesday.

Producer prices increased 15.5 percent year-on-year in August, after a 14.8 percent rise in July.

The increase in the producer prices for manufactured products was particularly attributable to risen prices of oil products, basic metals and timber from August last year.

Import prices grew 15.7 percent annually in August and export prices rose by 17.3 percent.

On a month-on-month basis, producer prices rose 1.4 percent in August, after a 3.4 percent increase in the prior month.

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EUROPEAN ECONOMICS PREVIEW: EUROZONE MONETARY AGGREGATES DATA DUE



Monetary aggregates data from the euro area is due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Statistics Denmark is scheduled to issue retail sales data for August. Sales had increased 4.8 percent annually in July.

At 3.30 am ET, Sweden's household lending data is due for August. Lending had advanced 6.3 percent annually in July.

At 4.00 am ET, the European Central Bank is slated to issue monetary aggregates for August. The euro area M3 money supply is forecast to climb 7.8 percent on year after rising 7.6 percent in July. In the meantime, Italy's non-EU trade data is due for August. The trade surplus totaled EUR 6.85 billion in July.

At 7.45 am ET, European Central Bank President Christine Lagarde is scheduled to attend the hearing before the committee on Economic and Monetary Affairs of the European Parliament.

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DUTCH PRODUCER CONFIDENCE IMPROVES IN SEPTEMBER



Dutch producer confidence improves in September, data from the Central Bureau of Statistics showed on Tuesday.

The producer sentiment index rose to 11.1 in September from 9.6 in August. This was above the average score of 0.5 seen over the past twenty years.

Producers opinions about the order position and stocks of finished goods remained hardly unchanged, the agency said.

There were more entrepreneurs who expected their production to increase in the coming three months, the agency said.

The producers in the textile and clothing industry were more positive in September.

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EURO LITTLE CHANGED AFTER GERMAN IMPORT PRICES



At 2.00 am ET Wednesday, Destatis has released Germany's import prices for August. The euro changed little against its major rivals after the data. The euro was trading at 1.1680 against the greenback, 130.24 against the yen, 0.8624 against the pound and 1.0856 against the franc around 2:04 am ET.

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POUND LITTLE CHANGED AFTER U.K. GDP DATA



At 2.00 am ET Thursday, the Office for National Statistics has released UK final GDP data for the second quarter. After the data, the pound changed little against its major rivals.

The pound was trading at 1.3435 against the greenback, 150.34 against the yen, 1.2549 against the franc and 0.8630 against the euro around 2:02 am ET.

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AUSTRALIA HOME LOANS SINK 6.6% IN AUGUST



The value of owner-occupied home loans in Australia was down a seasonally adjusted 6.6 percent on month in August, the Australian Bureau of Statistics said on Friday - coming in at A$21.26 billion.

That missed forecasts for a decline of 2.0 percent following the 0.4 percent drop in July.

Investment lending was up 1.5 percent on month at A$9.49 billion, slowing from 1.8 percent in the previous month. So overall lending was at A$30.76 billion, down 4.3 percent on month.

On a yearly basis, overall lending was up 47.4 percent, owner-occupied lending jumped 33.5 percent and investment lending skyrocketed 92.2 percent.

Fixed term loans were down 2.5 percent on month and up 38.9 percent on year at A$1.93 billion.

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FRANC LITTLE CHANGED AFTER SWISS CPI AND RETAIL SALES



At 2.30 am ET Monday, the Federal Statistical Office has released Swiss consumer inflation and retail sales. The franc changed little against its major rivals after the data.

The franc was trading at 0.9303 against the greenback, 119.36 against the yen, 1.2606 against the pound and 1.0794 against the euro around 2:35 am ET.

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AUSTRALIA CENTRAL BANK KEEPS POLICY UNCHANGED



Australia's central bank kept its monetary policy unchanged on Tuesday, as widely expected.

The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to leave its cash rate unchanged at a record low of 0.10 percent.

The board maintained the target of 10 basis points for the April 2024 Australian Government bond. The board also voted to continue with the purchase of government securities at the rate of A$4 billion a week until at least mid February 2022.

The bank repeated that it will not increase the cash rate until actual inflation is sustainably within the 2 to 3 percent target range. The central scenario for the economy is that this condition will not be met before 2024.

Policymakers observed that housing credit growth has picked up due to stronger demand for credit by both owner-occupiers and investors. It is important that lending standards are maintained and that loan serviceability buffers are appropriate.

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EURO MIXED AHEAD OF GERMAN FACTORY ORDERS



At 2.00 am ET Wednesday, Destatis is slated to issue Germany's factory orders data for August. Economists forecast orders to fall 2.1 percent on month, reversing a 3.4 percent rise in July.

Ahead of the data, the euro traded mixed against its major counterparts. While it fell against the greenback, it rose against the rest of major rivals.

The euro was worth 1.1583 against the greenback, 129.46 against the yen, 0.8514 against the pound and 1.0770 against the franc as of 4:55 am ET.

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