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breaking news A decent set of releases to get things done in Europe

All eyes are on the US CPI data today and there won’t be much in Europe to really distract from it.

The dollar fell in trading yesterday, but after early losses in Asia and Europe, it held up somewhat in US trade. It still ended the day on the downside, but it could have been worse, but I guess traders are keeping things under control ahead of today’s key risk event.

Stocks continued their strong form from last week with European stocks and the rally on Wall Street. It’s been a good month for US equities with the Dow Jones up nearly 3% and the S&P 500 and Nasdaq up nearly 4% so far in September. But today’s inflation report could be a turning point and it will be one market participants will need to be wary of ahead of the Fed next week.

Looking ahead, we’re likely anticipating a placeholder session in Europe with a few decent data points to get things going before we get to the US CPI data release at 12:30 GMT.

06:00 GMT – Final August CPI figures for Germany
06:00 GMT – UK August payroll change
0600 GMT – UK unemployment rate in July
0600 GMT – Average weekly earnings in July in the UK
06:30 GMT – Switzerland August producer and import prices
07:00 GMT – Final August CPI figures for Spain
0900 GMT – Germany September ZEW survey current conditions, outlook
1000 GMT – NFIB Small Business Optimism Index for August in the United States

That’s all for the upcoming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.


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