§ CH: The non-manufacturing PMI rose from 55.6 to 56.3 in August, while the HSBC manufacturing PMI fell from 49.3 to 47.6.,...….
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§ ECB (I): We expect no rate change on Thursday, with President Draghi unlikely to provide new important details on the government bonds purchase program.
§ ECB (II): Today, President Draghi will speak about the proposal for a banking union at the European Parliament.
§ IT: We see the manufacturing PMI rising from 44.3 to 44.7 in August.
§ US (I): The highlights this week are August NFPs, which we expect to increase by 120k, and the ISM indices, with the manufacturing index seen slightly up and the non-manufacturing index broadly stable.
§ US (II): Today, markets are closed for Labor Day.
§ UK: Today, we expect the manufacturing PMI to improve from 45.4 to 46.0 in August. On Thursday, we expect the BoE to remain on hold on both the repo rate and asset purchases
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