{"id":5511,"date":"2023-08-28T06:40:43","date_gmt":"2023-08-28T06:40:43","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5511"},"modified":"2023-08-28T06:40:44","modified_gmt":"2023-08-28T06:40:44","slug":"weekly-overview-2023-08-28-5","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/analytics\/weekly-overview-2023-08-28-5\/","title":{"rendered":"Week’s main events (August 28- September 01)"},"content":{"rendered":"\n
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\n Week’s main events (August 28 \u2013 September 01)\n <\/h1>\n
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\n The US Nonfarm Payrolls report will become the week’s main event as it is the most important data for the Fed’s monetary policy decision. Economists believe the labor market will add 169,000 jobs in August after 187,000 in July. The unemployment rate is expected to hold steady at 3.5%, while average hourly earnings growth is also forecast to remain unchanged at 4.4% y\/y in August. The data on the preliminary rate of inflation in the Eurozone should also be on the trader’s list since the ECB meeting is two weeks away. Also, investors should not miss the Manufacturing PMI data in various countries. Falling below 50 is a serious slowdown in the sector, which usually leads to a recession.\n <\/p>\n\n\n\n\n\n

\n Monday, August 28\n <\/div>\n
\n Usually, Monday is an ordinary trading day with low volatility, but after the Jackson Hole symposium, the week may start very actively. Traders will be interested in data on retail sales in Australia. If retail sales don’t recover after falling for two consecutive quarters, it could lead to a downgrade in Australia’s GDP rating for the third quarter. It is a bank holiday in the United Kingdom on Monday.\n <\/div>\n\n
\n Main events of the day:\n <\/div>\n\n