At 2.45am ET, the French statistical office INSEE is scheduled to issue consumer spending for August. Consumer spending is forecast to rise 0.3% month-on-month in August following a 1.4% growth in July.
Thereafter, French business confidence survey results are due. Business sentiment is expected to rise to 81 in September from 78 in August.
The release of the Flash Purchasing Managers’ Index reports for major Eurozone economies is set to start at 3.00 am ET. The first one expected to hit the wires is the Flash French PMI for both manufacturing and service sectors. Thereafter, Flash German and Eurozone PMI data are also due.
At 4.30am ET, the Bank of England is slated to issue minutes of the Monetary Policy Committee held on September 9 and 10. The MPC had decided to maintain its interest rate at 0.5% and also voted to continue the GBP 175 billion asset purchase programme using central bank reserves. In the meantime, the Agents’ summary of business conditions report is also due.
At the same time, the British Bankers’ Association is set to release the details of mortgages approved in August. The number of mortgages approved in August is seen at 40,500 compared to 38,181 in July.
Half an hour later, Eurozone industrial new orders data is due from the Eurostat. After increasing 3.1% in June, economists expect new orders to grow 2%. At the same time, the Icelandic wage index is also due.
At 8.00am ET, the Norges bank is set to announce the interest rate decision. The Oslo-based central bank is expected to hold the interest rate at a record low level of 1.25%.
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