HALISTER1: CANADA ECO PREVIEW: 2Q GDP Due in 5 Minutes

CANADA ECO PREVIEW: 2Q GDP Due in 5 Minutes

(Bloomberg) -- Canadian 2Q GDP seen at -1.5% vs +2.4% in 1Q (forecast range -0.4% to -2%); GDP measures final market value of all goods, services produced within country.
  • “What was already shaping up to be a weak quarter was made worse by May’s wildfires in Alberta and nearly all details of the report are likely to be soft": TD Securities
  • Canadian GDP m/m seen at +0.4% in June vs -0.6% in May (forecast range +0.1% to +0.8%)
  • NOTE: Analysis by Bloomberg strategist Vincent Cignarella: Canada 2Q GDP Could Miss BOC Forecasts, Weigh on CAD
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: ADP Employment Due Report in 5 Minutes

U.S. ECO PREVIEW: ADP Employment Due Report in 5 Minutes

(Bloomberg) -- Private payrolls, as tracked by ADP National Employment Report, seen increasing by 175k in Aug. after rising 179k in July (forecast range 135k to 225k); report is based on data from businesses with almost 24m workers on combined payrolls.
  • Report “will likely indicate that the steady pace of hiring concentrated in the services sector remains intact": Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Taiwanese Bank Chief Quits After U.S. Money-Laundering Breaches

Taiwanese Bank Chief Quits After U.S. Money-Laundering Breaches

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
2886 TT (Mega Financial Holding Co Ltd)
2880 TT (Hua Nan Financial Holdings Co Ltd)

People
Shiu Kuang-Si (Hua Nan Financial Holdings Co Ltd)
Lin Chuan (Taiwan)
McKinney Y T Tsai (Mega Intl Commercial Bank)

Topics
Financial Firm Departures

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UUID: 7947283