Guide to today’s important data and events

Not many economic dockets scheduled for today, some with high risks associated.

Data released so far:

• Australia - Second quarter GDP dropped to 2% y/y from 2.5% growth in first quarter. Quarterly growth registered 0.2% compared to 0.9% prior.

• New Zealand - ANZ commodity prices down -5.2% in August, after -5.5% drop in July.

• Spain - Unemployment rose by 21,700 in August compared to 74,000 drop in July but better than expected at 35,300.

Upcoming:

• UK - Construction PMI scheduled for release at 8:30 GMT.

• Euro Zone - Producer price index to be released at 9:00 GMT.

• US - MBA mortgage application scheduled for release at 11:00 GMT, followed by ADP employment report at 12:15 GMT and Non-farm productivity at 12:30 GMT, along with unit labor cost for second quarter. ISM New York index to be released at 13:45 GMT, followed by Factory orders at 14:00 GMT. FED will release beige book at 18:00 GMT. EIA will release crude oil inventory report at 14:30 GMT.

• Australia - AIG performance of services index to be released at 23:30 GMT.

• Japan - Japan will release foreign investment statistics at 23:50 GMT.