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European Economics Preview: Swiss Monetary Policy Decision Due

preview nov14 24sep20 lt

The monetary policy announcement from the Swiss National Bank and business confidence from Germany are due on Thursday, headlining a busy day for the European economic news.

At 2.45 am ET, France's statistical office Insee is set to issue business confidence survey data. The sentiment index is forecast to rise to 95 in September from 93 in August.

At 3.00 am ET, manufacturing confidence data is due from Turkey.

Half an hour later, the Swiss National Bank is scheduled to announce its interest rate decision. The bank is expected to leave its key interest rate unchanged at -0.75 percent.

At 4.00 am ET, Germany's Ifo business confidence survey data is due. The business sentiment index is forecast to rise to 93.8 in September from 92.6 in August.

In the meantime, the European Central Bank releases economic bulletin and Norges Bank is set to announce its rate decision. The Norges Bank is expected to hold its rate at zero percent.

At 5.00 am ET, Italy's non-EU foreign trade data is due for August.

At 6.00 am ET, the Confederation of British Industry releases Distributive Trades survey data. The order book balance is forecast to rise to -35 percent in August from -46 percent in July.

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