Reply To: Traders Market Weekly: Fed, Inflation and Profit Warnings

#43625
Truman
Participant

There are growing doubts that EU officials will agree to cap the price of Russian gas.
The bloc’s energy officials are scheduled to hold another emergency meeting on September 30.
The leader of the Federation of German Industries said that a “massive” recession is expected in Germany.
The U.K.’s unemployment rate reached its lowest level in nearly 50 years in July.
Eurozone’s September ZEW Economic Sentiment -60.7 (expected -58.3; last -54.9)
Germany’s August CPI 0.3% m/m, as expected (last 0.9%); 7.9% yr/yr, as expected (last 7.5%). September ZEW Economic Sentiment -61.9 (expected -60.0; last -55.3) and ZEW Current Conditions -60.5 (expected -52.2; last -47.6)
U.K.’s July three-month employment change 40,000 (expected 128,000; last 160,000) and July Unemployment Rate 3.6% (expected 3.8%; last 3.8%). July average earnings index + bonus 5.5% yr/yr (expected 5.4%; last 5.2%)
Italy’s Q2 Unemployment Rate 8.1%, as expected (last 8.6%)
Spain’s August CPI 0.3% m/m (expected 0.1%; last -0.3%); 10.5% yr/yr (expected 10.4%; last 10.8%)
Swiss August PPI -0.1% m/m (expected 0.1%; last -0.1%); 5.5% yr/yr (last 6.3%)