News of the day. Tuesday 22.09.2015

September 22, 2015

There are no many important macroeconomic releases on Tuesday, but it is worth noting the publication of Trade Balance statistics, due at 09:00 a.m. (GMT+3) in Switzerland. The trade balance is expected to decline but, nevertheless, still indicate a trade surplus. In addition, attention needs to be paid to Exports data, which is a part of the national GDP. Public Sector Net Borrowing statistics is due at 11:30 a.m. (GMT+3) in Great Britain. The indicator is expected to grow significantly that may negatively affect the budget and the national currency. Preliminary Consumer Confidence data for September is released at 5: 00 p.m. (GMT+3) in the eurozone. And on Wednesday night, at 04:45 a.m. (GMT+3), market participants may turn their attention to preliminary data on Caixin Manufacturing PMI, which is the leading indicator of China’s official Manufacturing PMI. The index is expected to grow from 47.3 to 47.5 points but remain below the key level of 50 points, a reading above which indicates that the manufacturing sector has started developing.

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