On Wednesday, a small amount of statistical data will be presented. At 01:30 GMT Australia will announce a change in the volume of completed construction projects for the 2nd quarter. The indicator is expected to fall 1% from the 1st quarter. At 06:00 GMT Germany will release the GfK Consumer Confidence Index for September. The indicator is calculated by the German Institute of Economics Gfk. It is an indicator of consumer sentiment. To calculate the indicator, about 2000 consumers are surveyed, who assess the relative level of past and future economic conditions, including the financial situation, the situation for large purchases, and the general economic situation. According to the forecast, the index fell to 9.6 points from 9.7 points in August. At 08:00 GMT Switzerland will publish the Swiss investors expectations index according to ZEW and Credit Suisse data for August. Also at 08:00 GMT the eurozone will report a change in the monetary aggregate M3 for July. M3 consists of all components of the M2 aggregate, to which are added repurchase agreements (repo transactions), securities of various financial institutions and debt instruments with a maturity of up to two years. When making decisions on monetary policy, the greatest attention is paid to aggregate M3, according to which the European Central Bank sets inflationary goals. The M3 monetary aggregate is expected to grow 4.8% per annum. At 14:30 GMT the US will announce a change in oil reserves according to the Department of Energy. According to the forecast, oil reserves decreased by 1.889 million barrels. TeleTrade Information and Analysis Department
