After eventful Thursday, there are very few macroeconomic publications due on Friday. The most important is going to be the data on the Consumer Price Index (YoY) for August, which is due at 3:30 pm (GMT +3). It is worth noting that inflation in Canada is higher than in the US or the eurozone. For example, in July the figure grew to 1.3% after the Bank of Canada cut its interest rates to 0.5%. The Consumer Price Index for August is expected to remain the same at 1.3%. However, the Bank of Canada Consumer Price Index Core (YoY) that does not include food and energy prices can fall from 2.4% to 2.1% on a year-to-year basis.
Other macroeconomic publications that attention needs to be paid to include the Seasonal Adjusted Current Account for the eurozone at 11:00 am (GMT +3), which represents a difference between the amount of payments coming into the eurozone and the amount of payments coming out of it. In July, the Current Account s.a.is expected to show a surplus of 21.3 million euro. In addition, the CB Leading Indicator (MoM) for August is going to come out in the US at 5 pm (GMT +3). The indicator is calculated based on the 10 most important macroeconomic indices and allows estimating the state of the American economy for the next 3-6 months. The indicator is expected to increase from -0.2% to 0.2%.Publication source