Chinese data headlined the August 30 week and they look to headline the September 6 week as well, opening with merchandise trade on Monday followed on Thursday by updates on both consumer and producer prices. Steady readings are the expectation. Central bank announcements also headline the week: the Reserve Bank of Australia on Tuesday, the Bank of Canada on Wednesday, and the European Central Bank of Thursday. No action is expected. A run of German data will precede the ECB announcement led by manufacturers' orders on Monday and industrial production on Tuesday, both of which were disappointments in their last updates, and ZEW sentiment on Tuesday which has been mixed. Industrial production reports from France and Italy will be posted on Friday as will industrial production from UK as well as July GDP from the UK. Other reports to watch will be Swiss unemployment on Tuesday, which has been rock solid, and producer prices from the US on Friday which have been taking off.
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