The Week Ahead August 28- September 1, 2017
The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were higher for the week.
1.Geopolitical and Fiscal Events. Congress remains in recess. France holds a summit with key European leaders on Monday. Tuesday sees Chicago Federal Reserve President Charles Evans speak.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and consumer confidence, ADP Payroll, Q2 GDP, personal income, Chicago PMI, pending home sales, nonfarm payrolls, ISM and construction spending.
3.Earnings Releases. Notable releases include PRXL CTLT BNS BMO CTRP ADI WDAY TD DG CPB.
Monday, August 28
French President Emmanuel Macron hosts a summit in Paris with Germany’s Angela Merkel and Spain Mariano Rajoy among attendees.
Tuesday, August 29
August Consumer Confidence is released and 10:00 a.m. EDT and is expected to fall to 120.7 from 121.
Wednesday, August 30
August ADP Payroll is due out at 10:00 a.m. EDT and is expected to rise to 180,000 from 178,000.
Q2 GDP (second estimate) is due out at 8:30 a.m. EDT and is expected to remain at 1%.
Thursday, August 31
July Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.3% from 0.0%.
August Chicago PMI is due out at 9:45 a.m. EDT and is expected to remain at 58.9.
July Pending Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 0.5% from 1.5%.
Friday, September 1
August Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to fall to 183,00 from 209,000.
August ISM is due out at 10:00 a.m. EDT and is expected to rise to 56/8 from 56.3.
July Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.5% from -1.3%.