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Suga in pole position to become Japan's new PM

Chris Scicluna
Emily Nicol
  • Suga in pole position to become Japan’s new PM
  • Japan’s labour market weakens and survey suggests a significant slump in capex
  • RBA increases size of Term Funding Facility
  • Euro area flash CPI expected to fall back

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Abe set to resign

Chris Scicluna
Emily Nicol
  • Abe set to resign, press conference due imminently
  • Some weaker inflation data from Tokyo
  • German consumers express greater pessimism
  • French inflation falls back sharply as expected

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French survey contrasts with flash PMIs

Chris Scicluna
Emily Nicol
  • Improved French business survey contrasts with downbeat flash PMIs
  • Some softer Japanese construction data
  • Drop in Australian capex a little less severe than feared
  • UK car production struggles to get out of first gear

All eyes on Jay Powell later today 

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Will German ifo point softer recovery momentum?

Chris Scicluna
Emily Nicol
  • Will ifo survey suggest a levelling off in German recovery momentum?
  • Australian exports slip back and imports surge at the start of Q3, while domestic demand is likely to be held back the renewed decline in employment

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All eyes to be on Jackson Hole economic symposium

Chris Scicluna
Emily Nicol
  • With a smattering of top-tier data due from the major economies, the Jackson Hole economic symposium (from Thursday) will be the key economic focus this week, with Jay Powell to speak on the Fed’s strategic policy review, and other major central bank figures also contributing. 

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