Yesterday macroeconomic data on the US surpassed the expectations. US ISM Manufacturing grew 55.7 vs. forecast for 54.2. Construction spending grew 0.6% vs. estimates for 0.3%. Amid the data the US dollar strengthened.
Today at 12:00 UTC+4 PMI Services in the eurozone in August in final reading is revealed. It is forecast to be unchanged at 51.0. At 13:00 UTC+4 data on Retail Sales in July and GDP in the eurozone in the second quarter in the second estimate. GDP is expected to be 0.3%, however, the growth of the retail sales is forecast to be 0.5% vs. a 0.5% in June.
At 22:00 UTC+4 Beige Book is revealed. The report may contain hints pertaining to QE3.