On Wednesday attention of the markets is going to be focused on Industrial Production data, which is due at 9 am in Germany (all times stated in GMT +3) and at 11:30 am in the UK. This is one of the main indexes representing the state of national manufacturing, mining and refinery. The German Industrial Production s.a. for August on a month-to-month basis is expected to fall from 0.7% to 0.2%, and could continue falling in early terms. Industrial Production n.s.a. w.d.a in the UK could come out slightly better and grow in monthly terms from -0.4% to 0.2% and from 0.8% to 1.2% early. A confirmation of forecasts could strengthen the GBP against its major opponents. In addition, pay attention to the NIESR GDP Estimate that is due at 5 pm in the UK, and which is considered as a leading indicator for the official GDP figure.
On Wednesday night at 2:50 am, a bloc of macroeconomic statistics is due in Japan, the most important of which is going to be the Current Account n.s.a. for August. Country’s current account is the difference between payments for exports coming in from outside of the country and payments for import leaving the country. The figure is expected to slightly fall to 1221.0 million Yen. Another important publication is going to be the Bank of Japan Monthly Economic Survey, due at 8 am.