Guide to today’s important data and events

Lot of economic dockets to be released today and some with high risks associated.

Data released so far -

• Australia - Conference board leading indicator for July rose by 0.3% after -0.3% drop in June.

• China - Flash PMI reading shows China's manufacturing PMI dropped to 47 in September, from 47.3 in August, lowest level in 6 and half years.

Upcoming -

• France - Second quarter GDP to be released at 6:45 GMT, followed by flash reading on manufacturing and services PMI at 7:00 GMT.

• Germany - Flash reading on manufacturing and services to be released at 7:30 GMT.

• Euro Zone - Flash reading on manufacturing and services PMI to be released at 8:00 GMT. ECB president Draghi is scheduled to speak at 13:00 GMT.

• US - MBA mortgage applications to be released at 11:00 GMT, followed by flash reading on Markit manufacturing PMI for September at 13:45 GMT. EIA will release week crude inventory report at 14:30 GMT

• Canada - Retail sales for August to be released at 12:30 GMT.

• Switzerland - Swiss National Bank (SNB) to release quarterly bulletin at 13:00 GMT.

• New Zealand - Trade balance for August to be released at 22:45 GMT.

• Japan - Japan will release foreign investment statistics at 23:50 GMT.

• Auctions - US will auction 5 year note at 17:00 GMT.