Good morning traders, here’s the news you’ll need to look out for during the London session today and it’s relative impact. I’ll be sending out a tweet 30 minutes before each one of these is announced as a reminder so make sure you’re following me on Twitter. I’ll also try and tweet the results as soon as they come out.
PPI Input
Time: 8:30am GMT
Impact: High
Currency: GBP
Source: National Statistics
This is a leading indicator of consumer inflation because it relates to the price of goods paid by manufacturers. Higher costs are normally passed onto the consumer so a higher figure indicates consumers are willing to spend more.
German Industrial Production
Time: 10:00am GMT
Impact: Medium
Currency: EUR
Source: Destatis
This is the change in the output of manufacturing, mining and utilities businesses. This is a leading indicator because output is so reactive to other economic factors, such as unemployment.
Employment Change
Time: 11:00am GMT
Impact: High
Currency: CAD
Source: Statistics Canada
This announcement is the number of unemployed people during the previous month.
Unemployment rate
Time: 11:00am
Impact: High
Currency: CAD
Source: Statistics Canada
This announcement deals with the percentage of the workforce who are unemployed and actively seeking work.
Non-Farm Employment Change
Time: 12:30pm
Impact: High
Currency: USD
Source: Bureau of Labor Statistics
This is the change in the number of unemployed people, taken from the previous month but excluding the farming industry.
Unemployment Rate
Time: 12:30pm
Impact: High
Currency: USD
Source: Bureau of Labor Statistics
This announcement deals with the percentage of the workforce who are unemployed and actively seeking work.
Average Hourly Earnings
Time: 12:30pm
Impact: Medium
Currency: USD
Source: Bureau of Labor Statistics
This is the change in the price that businesses, except those in the farming industry, will pay for labour.
Ivey PMI
Time: 2:00pm
Impact: High
Currency: CAD
Source: Richard Ivey School of Business
This announcement is a PMI index based on a survey of purchasing manageers. It’s a leading indicator because it shows the confidence, or lack thereof, in the economy of purchasing managers.
