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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: EUROZONE FINAL PMI, INVESTOR CONFIDENCE DATA DUE



Final Purchasing Managers' survey results, investor confidence and retail sales from euro area are due on Monday, headlining a busy day for the European economic news.

At 3.00 am ET, consumer and producer prices from Turkey and retail sales from Hungary are due. Turkish inflation is forecast to rise to 12.13 percent in September from 11.77 percent in August.

At 3.15 am ET, Spain's services PMI data is due. The index is expected to fall to 46.3 in September from 47.7 in August.

At 3.45 am ET, composite PMI figures from Italy are due. Economists forecast the services indicator to drop to 46.6 from 47.1 in August.

Thereafter, final PMI reports are due from France and Germany at 3.50 and 3.55 am ET, respectively.

At 4.00 am ET, IHS Markit releases euro area composite PMI survey data. The score is seen at 50.1 in September, unchanged from the flash estimate.

Half an hour later, UK IHS Markit/CIPS composite PMI data is due. The UK composite output index is forecast to fall to 55.7 in September, as initially estimated, from 59.1 in August.

In the meantime, Eurozone Sentix investor confidence survey results are due. Economists expect the index to fall to -9.5 in October from -8.0 in September. At 5.00 am ET, Eurostat is scheduled to issue euro area retail sales data for August. Sales are forecast to climb 2.4 percent on month, in contrast to a 1.3 percent drop in July.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: GERMANY FACTORY ORDERS DATA DUE



Factory orders and construction Purchasing mangers' survey data from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for August. Economists forecast orders to grow 2.6 percent on month, following a 2.8 percent rise in July.

At 3.00 am ET, industrial output figures are due from Hungary. Output is expected to fall 3.3 percent on year in August, after easing 8.1 percent in July.

At 3.30 am ET, Statistics Sweden releases industrial production and new orders for August. In the meantime, Germany's IHS Markit construction PMI data is due.

At 4.30 am ET, IHS Markit is set to issue UK construction PMI data for September. The index is seen at 54.0 versus 54.6 in August.

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[IFX Gertrude]

HONG KONG PRIVATE SECTOR PMI CLIMBS TO 47.7 IN SEPTEMBER - IHS MARKIT



The private sector in Hong Kong continued to contract in September, albeit at a slower pace, the latest survey from IHS Markit showed on Wednesday with a PMI score of 47.7.

That's up from 44.0, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders fell at slower rates, while the was job growth for the first time in three months. Business sentiment was at its least negative since June 2019.

Supply chains remained under pressure as limited freight capacity reportedly contributed to delivery delays.

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[IFX Gertrude]

JAPAN HAS Y2,102.8 BILLION CURRENT ACCOUNT SURPLUS IN AUGUST



Japan posted a current account surplus of 2,102.8 billion yen in August, the Ministry of Finance said on Thursday - down 1.5 percent on year.

That exceeded expectations for a surplus of 1,983.7 billion yen following the 1,468.3 billion yen surplus in July.

Exports were down 15.5 percent on year at 5.124 trillion yen, while imports sank an annual 22.0 percent to 4.711 trillion yen.

The trade surplus was 413 billion yen, up from 137.3 billion yen in the previous month.

The capital account saw a deficit of 9.3 billion yen and the financial account had a surplus of 560.0 billion yen.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: UK GDP DATA DUE



Monthly GDP estimate, industrial production and foreign trade figures are due from the UK on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK monthly GDP data. The economy is forecast to grow 4.6 percent on month in August, slower than the 6.6 percent increase in July. Industrial production and foreign trade figures are also due from the UK.

Industrial output is expected to climb 2.5 percent on month in August. The visible trade deficit is seen widening to GBP 9 billion from GBP 8.65 billion in July.

In the meantime, consumer prices from Norway and foreign trade from Denmark are due. At 2.45 am ET, the French statistical office Insee releases industrial production data for August. Economists forecast production to advance 1.7 percent on month, slower than the 3.8 percent increase posted in July.

At 3.00 am ET, foreign trade figures from Hungary and Austria are due.

At 4.00 am ET, Italy's Istat publishes industrial production for August. Economists forecast output to grow 1.3 percent on month, following a 7.4 percent rise in July. At 5.00 am ET, consumer prices and industrial production reports are due from Greece.

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[IFX Gertrude]

JAPAN AUGUST CORE MACHINE ORDERS RISE 0.2%



The value of core machine orders in Japan gained a seasonally adjusted 0.2 percent on month in August, the Cabinet Office said on Monday - standing at 752.5 billion yen.

That beat forecasts for a decline of 1.0 percent following the 6.3 percent increase in July.

On a yearly basis, core machine orders sank 15.2 percent - beating expectations for a loss of 15.6 percent following the 16.2 percent drop in the previous month.

The total value of overall machinery orders received by 280 manufacturers operating in Japan increased by 19.8 percent on month in August and fell 16.5 percent on year.

Government orders were up 28.3 percent on month and down 19.4 percent on year at 267.7 billion yen, while overseas orders surged 49.6 percent on month and fell 7.4 percent on year at 919.0 billion yen and agency orders rose 0.5 percent on month and lost 18.1 percent on year at 99.9 billion yen.

For the third quarter of 2020, core machine orders are forecast to have fallen 1.9 percent on quarter and 15.5 percent on year.

Also on Monday: . The Bank of Japan said that producer prices in Japan were down 0.2 percent on month in September, missing expectations for a flat reading following the downwardly revised 0.1 percent increase in August (originally 0.2 percent).

On a yearly basis, producer prices sank 0.8 percent - again shy of expectations for a loss of 0.5 percent, which would have been unchanged from the August reading.

Export prices were up 0.1 percent on month and down 1.5 percent on year, the central bank said, while import prices rose 0.2 percent on month and tumbled 10.1 percent on year.

The BOJ also said that the value of overall bank lending in Japan was up 6.4 percent on year in September, coming in at 573.737 trillion yen. That was in line with expectations and down from the 6.7 percent gain in August. Excluding trusts, bank lending was up an annual 6.2 percent to 498.718 trillion yen, slowing from the 6.6 percent increase in the previous month. '

For the third quarter of 2020, overall bank lending was up 6.5 percent on year; excluding trusts, it was up 6.4 percent on year.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: UK UNEMPLOYMENT DATA DUE



Labor market statistics from the UK and economic confidence from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK unemployment data for August. The jobless rate is forecast to rise to 4.3 percent in three months to August from 4.1 percent in the preceding period.

In the meantime, final consumer price data is due from Germany. According to preliminary estimate, consumer prices decreased 0.2 percent on year in September after staying flat in August.

At 3.00 am ET, industrial production from Turkey and Hungary are due. Turkey's industrial output is seen rising 3 percent in August after climbing 4.4 percent in July.

Half an hour later, Statistics Sweden publishes consumer price figures for September. Inflation is seen at 0.6 percent versus 0.8 percent in August.

At 5.00 am ET, Germany's ZEW economic confidence survey results are due. Economists forecast the economic sentiment index to fall to 73.0 in October from 77.4 in September.

At 8.30 am ET, the International Monetary Fund is set to publish the World Economic Outlook report.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: EUROZONE INDUSTRIAL OUTPUT DATA DUE



Industrial production from euro area is due on Wednesday, headlining a light day for the European economic news.

At 1.00 am ET, consumer price data is due from Statistics Finland. Prices had increased 0.2 percent on year in August.

At 3.00 am ET, Spain's INE is scheduled to release final consumer prices for September. Prices are expected to fall 0.4 percent on year, the same rate as initially estimated.

At 4.00 am ET, European Central Bank President Christine Lagarde is set to speak via videoconference at the 16th Global Roundtable organized by the United Nations Environment Programme Finance Initiative.

At 5.00 am ET, Eurostat is slated to issue area area industrial output data for August. Economists forecast production to grow 0.8 percent on month, slower than the 4.1 percent increase seen in July.

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[IFX Gertrude]

CHINA'S INFLATION SLOWS IN SEPTEMBER; PPI CONTINUES TO FALL



China's consumer price growth slowed in September on easing food price inflation and producer prices continued to ease, data from the National Bureau of Statistics showed Thursday.

Consumer prices advanced 1.7 percent on a yearly basis in September, slower than the 2.4 percent increase seen in August. This was also slower than the economists' forecast of 1.8 percent.

At the same time, core inflation, which excludes food and energy prices, held steady at 0.5 percent in September.

Driven by a slowdown in pork price inflation, food prices grew 7.9 percent following 11.2 percent rise in August. Pork prices grew 25.5 percent but much slower than the 52.6 percent increase logged in the previous month.

On a monthly basis, consumer prices gained 0.2 percent versus a 0.4 percent rise a month ago. Another report from NBS showed that producer prices were down 2.1 percent annually after easing 2 percent in August. Economists had forecast an annual decrease of 1.8 percent.

With infrastructure-led stimulus still being ramped up and consumption rebounding, demand-side pressures on prices will probably strengthen in the coming months, pushing up underlying inflation, Julian Evans-Pritchard and Sheana Yue, economists at Capital Economics, said.

However, the economists noted that the rebound in core consumer price inflation will still leave it relatively subdued and food price inflation looks set to drop back further in the near-term as pork supply continues to recover from last year's African swine fever outbreak.

The benign outlook for inflation means it is unlikely to be a major driver of policy decisions in the coming quarters, the economists added.

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[IFX Gertrude]

EUROPEAN ECONOMICS PREVIEW: EUROZONE CONSUMER PRICES, FOREIGN TRADE DATA DUE



Final consumer prices and foreign trade figures from euro area are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers Association is set to issue Europe's new car registrations data. Sales had declined 18.9 percent annually in August.

At 3.00 am ET, the Czech Statistical Office releases producer prices for September. Prices are forecast to drop 0.7 percent annually after falling 0.5 percent in August.

At 4.00 am ET, Italy's final consumer price data is due. Prices are forecast to fall 0.5 percent annually, as initially estimated in September.

At 5.00 am ET, Eurostat is scheduled to publish euro area final consumer prices and foreign trade data. According to flash estimate, consumer prices dropped 0.3 percent on year in September, following a 0.2 percent decrease in August.

The euro area trade surplus is forecast to fall to EUR 15.1 billion in August from EUR 27.9 billion in July.

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