Week’s main events (September 02 – September 06)
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 164,000 jobs in August after 114,000 in July. The unemployment rate is expected to be 4.2%, down from July’s 4.3%, while average hourly earnings are expected to be without change at 3.6% y/y in August. The inflation data in Switzerland should also be on the trader’s list. 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.
- – Switzerland Retail Sales (m/m) at 09:30 (GMT+3);
- – Switzerland Manufacturing PMI (m/m) at 10:30 (GMT+3);
- – German Manufacturing PMI (m/m) at 10:55 (GMT+3);
- – Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
- – UK Manufacturing PMI (m/m) at 11:30 (GMT+3).
- – Switzerland Consumer Price Index (m/m) at 09:30 (GMT+3);
- – Switzerland GDP (m/m) at 10:00 (GMT+3);
- – Canada Manufacturing PMI (m/m) at 16:30 (GMT+3);
- – US ISM Manufacturing PMI (m/m) at 17:00 (GMT+3).
- – Australia GDP (q/q) at 04:30 (GMT+3);
- – German Services PMI (m/m) at 10:55 (GMT+3);
- – Eurozone Services PMI (m/m) at 11:00 (GMT+3);
- – UK Services PMI (m/m) at 11:30 (GMT+3);
- – Eurozone Producer Price Index (m/m) at 12:00 (GMT+3);
- – Canada Trade Balance (m/m) at 15:30 (GMT+3);
- – US Trade Balance (m/m) at 15:30 (GMT+3);
- – Canada BoC Interest Rate Decision at 16:45 (GMT+3);
- – Canada BoC Rate Statement at 16:45 (GMT+3);
- – US JOLTs Job Openings (m/m) at 17:00 (GMT+3);
- – Canada BoC Press Conference at 17:30 (GMT+3).
- – Australia Trade Balance (m/m) at 04:30 (GMT+3);
- – Australia RBA Gov Bullock Speaks at 05:00 (GMT+3);
- – Switzerland Unemployment Rate (m/m) at 08:45 (GMT+3);
- – Eurozone Retail Sales (m/m) at 12:00 (GMT+3);
- – US ADP Non-Farm Employment Change (m/m) at 15:15 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US ISM Services PMI (m/m) at 17:00 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 18:00 (GMT+3).
- – German Industrial Production (m/m) at 09:00 (GMT+3);
- – German Trade Balance (m/m) at 09:00 (GMT+3);
- – Eurozone GDP (q/q) at 12:00 (GMT+3);
- – US Nonfarm Payrolls (m/m) at 15:30 (GMT+3);
- – US Unemployment Rate (m/m) at 15:30 (GMT+3);
- – Canada Unemployment Rate (m/m) at 15:30 (GMT+3);
- – Canada FOMC Member Williams at 15:45 (GMT+3);
- – Canada Ivey PMI (m/m) at 17:00 (GMT+3).
by 2024.09.02
, Open Account