Page 2 - August Pmis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Eurozone inflation. The preliminary inflation figures for Germany and Spain were the main story in markets yesterday. The headline inflation in both Spain and Germany came in higher than expected, and the monthly dynamics in the core measure is still well above 2% on an annualized basis. We also expect this to be the case for the euro area HICP data at 11:00 (CET) today which we expect could add support to the case of a final 25bp rate hike from the ECB in September.

Market slips into wait-and-see mode ahead of US jobs data; tight ranges trade. US PCE in line with expectation. Eurozone inflation in-line, still 2.5x above target. China PMIs not so bad; piecemeal stimulus measures may be lifting activity

Australian shares are set to open higher. China PMI data at 11.30am. US Core PCE at 10.30pm. Apple rises. Reporting: AMA, Harvey Norman, Sandfire.

The Newsquawk Week Ahead includes previews for key events next week, including US NFP, US ISM and US PCE, as well as the ECB Minutes, EZ CPI and Chinese PMIs

Gold Price (XAU/USD) reverses from a fortnightly high while consolidating the first weekly gains, so far, ahead of the top-tier central bankers’ speec