Morning Coffee: Economic & Earnings Calendar for September 6, 2012

Posted on September 6, 2012


Markets around the world await the ECB announcement about its unlimited “sterilized” bond buying program at 7:45AM.  In plain english the word sterilized means that the ECB intends to buy these bonds without printing money, which is why the EUR/USD exchange rate has soared to $1.2617 this morning. What the ECB needs to explain to world markets is how this program is both unlimited and sterilized.

Other market moving announcements today include the Bank of England’s monetary policy on interest rates, ADP employment report, weekly jobless claims and the ISM services PMI for August. The USDA weekly export sales report has been moved to 8:30AM on Friday due to the labor day holiday.

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All times EST.

Today’s Global Economic Calendar
05:00 AM Flag of France France: ILO unemployment Rate 9.7%, up from 9.6%
05:00 AM European Union EMU: Gross Domestic Product (GDP) Dn -0.2% QoQ & -0.5% YoY
06:00 AM German Flag Germany: Manufacturer Orders  
07:00 AM British Flag Great Britain: BoE Announcement  
07:30 AM US Flag US: Challenger Job-Cut Report  
07:45 AM European Union EMU: ECB Announcement  
08:15 AM US Flag US: ADP Employment Report  
10:00 AM US Flag US: ISM Services Index  
10:30 PM US Flag US: EIA Natural Gas Report  
10:30 PM US Flag US: EIA Petroleum Status Report  
04:30 PM US Flag US: Fed Balance Sheet  
04:30 PM US Flag US: Money Supply  
09:30 PM Australian Flag Australia: Merchandise Trade  

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There are no notable earnings announcements today.

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Posted in: Morning Coffee