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Lot of economic dockets scheduled for today, with medium risks associated.
Data released so far -
- Australia - National banks' business confidence dropped to 1 from 6 and business conditions rose to 11 from 6.
- China - Exports dropped by -5.5% y/y in August, while imports dropped -13.8% y/y. Trade balance came at $60.24 billion.
- Japan - Eco watchers survey current dropped to 49.3 in August and outlook dropped to 48.2.
- Germany - Trade balance came at € 22.8 billion in July, with exports rising 2.4% and imports by 2.2%
- Switzerland - Unemployment rate remained flat at 3.3% in August.
- France - Trade balance came at -€3.3 billion. Budget deficit for July rose to -€79.8 billion
- Euro Zone - Second quarter GDP grew by 0.4% in second quarter, up 1.5% from a year ago.
Upcoming -
- US - NFIB business confidence to be released at 10:00 GMT, followed by labor market condition index at 14:00 GMT and consumer credit change at 19:00 GMT>
- Auctions - US will auction 3 month and 6 month bills at 15:30 GMT and 3 year note at 17:00 GMT. UK will auction 30 year today.
