Economic Calendar.

Important Economic Calendar -
Wednesday. 3rd. September.2008.

Australia

Time: 7.30 am.
AIG Services Index: Previous 42.8. Actual 39.3.
Impact: Low.
Source: Please click here.
Measures: Level of a diffusion index based on surveyed service-based companies;
Frequency: Released monthly, on the third business day after the month ends;

Time: 9.30 pm
GDP (q/q): Previous 0.6%. Forecast 0.4%.
Impact: Strong.
Source: Please click here.
Measures: Change in the value of all goods and services produced by the economy;
Frequency: Released quarterly, about 65 days after the quarter ends;

Europe

Time: 4.00 pm.
Final Services PMI: Previous 48.2. Forecast 48.2.
Impact: Low.
Source: Please click here.
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry;
Frequency: Released monthly, on the third business day after the month ends;

Time: 5.00 pm.
Retail Sales (m/m): Previous -0.6%. Forecast 0.0%.
Impact: Medium.
Source: Please click here.
Measures: Change in the total value of inflation-adjusted sales at the retail level;
Frequency: Released monthly, about 35 days after the month ends;

Time: 5.00 pm.
Revised GDP (q/q): Previous -0.2%. Forecast -0.2%.
Impact: Low.
Source: Please click here.
Measures: Change in the value of all goods and services produced by the economy;
Frequency: Released quarterly, about 60 days after the quarter ends;

London

Time: 4.30 pm.
Services PMI: Previous 47.4. Forecast 47.0.
Impact: Strong.
Source: Please click here.
Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry;
Frequency: Released monthly, on the third business day after the month ends;

Time: 5.30 pm.
BRC Shop Price Index (y/y): Previous 3.2%.
Impact: Low.
Source: Please click here.
Measures: Change in the price of goods purchased at BRC-member retail stores;
Frequency: Released monthly, about 7 days after the month ends;

USA

7.30 pm
Challenger Job Cuts (y/y): Previous 140.8%.
Impact: Low.
Source: Please click here.
Measures: Change in the number of job cuts announced by employers;
Frequency: Released monthly, about 3 days after the month ends;

10.00 pm
Factory Orders (m/m): Previous 1.7%. Forecast 1.0%.
Impact: Medium.
Description: Measures the value of new purchase orders placed with domestic manufacturers for durable and non-durable goods. Factory Orders tend to have a low impact because it reports much of the same information contained in the Durable Goods Orders report released over a week earlier.

2.00 am.
Beige Book: Previous 88.5. Forecast 88.0.
Impact: Medium.
Source: Please click here.
Frequency: 8 times per year, 2 weeks before each FOMC meeting;

Canada

Time: 9.00 pm.
BOC Rate Statement.
Impact: Strong.
Source: Please click here.
Frequency: 8 times per year;

Time: 9.00 pm.
Overnight Rate: Previous 3.0%. Forecast 3.0%.
Impact: Strong.
Source: Please click here.
Measures: Interest rate at which major financial institutions borrow and lend overnight funds among themselves;
Frequency: 8 times per year;