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What are the main events for today?

investinglive.com · 11dShare

EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low-tier releases like the German factory orders or the Eurozone retail sales. The data won't change anything for the ECB, so the market reaction will be muted. As a reminder, the ECB is widely expected to increase interest rates at the upcoming meeting, but policymakers should also signal less appetite for further tightening. That means the bar for more rate hikes will go much higher. AMERICAN SESSION In the American session, we get Canada's jobs report and the US NFP. Canada's employment change in August is expected at 15K vs 75K prior, with the unemployment rate seen steady at 6.4%. The data is unlikely to influence Bank of Canada's policy outlook, as the focus remains on inflation. Nevertheless, a very strong report could give the CAD a boost following the more hawkish than expected BoC rate decision. As a reminder, the BoC kept interest rates unchanged as expected this week but has ad

First report: What are the main events for today? — investinglive.com, 12d