The Week Ahead For September 2nd To 6th: Monthly Jobs Data This Week
The NASDAQ 100 was higher along with the Dow Jones Industrial Average, Russell 2000 and S&P 100.
1.Geopolitical and Fiscal Events. Tuesday sees the RBA out with its latest announcement. Wednesday sees the Bank of Canada out with its latest announcement. Also, on Wednesday the Federal Reserve Beige Book is out.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as construction spending, ISM Manufacturing Index, Federal Reserve Beige Book, ADP Employment Report, factory orders, ISM Non-Manufacturing Index, Nonfarm Payrolls and the unemployment rate.
3.Earnings Releases. Notable releases this upcoming week include COUP HQY PANW CPRT ZN LULU BRC GCO.
Monday, September 2
Markets are closed in the U.S. for Labor Day.
Tuesday, September 3
The Reserve Bank of Australia announces its latest monetary policy decision.
July Construction Spending is due out at 10:00 a.m. EDT and is expected to improve to 0.3% from -1.3%.
August ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to improve to 51.3 from 51.2.
Wednesday, September 4
The Bank of Canada announces its latest monetary policy decision.
The latest Federal Reserve Beige Book is due out at 2:00 p.m. EDT. Thursday, September 5
August ADP Employment Index is due out at 8:15 a.m. EDT and is expected to fall to 150,000 from 156,000.
July Factory Orders are due out at 10:00 a.m. EDT and are expected to rise to 1.0% from 0.6%.
August ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to rise to 54 from 53.70
The Green Bay Packers and the Chicago Bears kick off the NFL’s 100th Season.
Friday, September 6
August Nonfarm Payrolls are due out at 8:30 a.m. EDT and expected to rise to 171,000 from 164,000 while the unemployment rate is expected to remain at 3.7%.