A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead
Monday September 1
Canadian and U.S. markets closed (Labour Day)
China manufacturing, non-manufacturing and composite PMI
Japan capital spending and manufacturing PMI
Euro zone jobless rate and manufacturing PMI
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Tuesday September 2
Euro zone CPI
(9:30 a.m. ET) Canada’s S&P Global Manufacturing PMI for August.
(9:45 a.m. ET) U.S. S&P Global Manufacturing PMI for August.
(10 a.m. ET) U.S. ISM Manufacturing PMI for August.
(10 a.m. ET) U.S. construction spending for July. The Street is projecting a month-over-month decline of 0.2 per cent.
Also: U.S. and Canadian vehicle sales for August.
Earnings include: Alimentation Couche-Tard Inc.; Zscaler Inc.
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Wednesday September 3
Japan and Euro zone services and composite PMI
(8:30 a.m. ET) Canadian labour productivity for Q2.
(10 a.m. ET) U.S. Job Openings & Labor Turnover Survey for July.
(10 a.m. ET) U.S. factory orders for July. Consensus is a month-over-month decline of 1.4 per cent.
(2 p.m. ET) U.S. Beige Book is released.
Earnings include: Descartes Systems Group Inc.; Hewlett Packard Enterprise Co.; Northwest Co. Inc.; Salesforce Inc.
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Thursday September 4
Euro zone retail sales
(8:15 a.m. ET) U.S. ADP National Employment for August.
(8:30 a.m. ET) Canada’s merchandise trade balance for July.
(8:30 a.m. ET) U.S. initial jobless claims for week of August 30. Estimate is 233,000, up 4,000 from the previous week.
(8:30 a.m. ET) U.S. productivity for Q2. The Street is estimating an annualized rate rise of 2.9 per cent.
(8:30 a.m. ET) U.S. goods and services trade deficit for July.
(9:30 a.m. ET) Canada’s S&P Global Services PMI for August.
(9:45 a.m. ET) U.S. S&P Global Services/Composite PMI for August.
(10 a.m. ET) U.S. ISM Services PMI for August.
Earnings include: Broadcom Inc.; Enghouse Systems Group Ltd.; Lululemon Athletica Inc.; Transcontinental Inc.
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Friday September 5
Japan real cash earnings and household spending.
Germany factory orders
Euro zone real GDP
(8:30 a.m. ET) Canadian employment for August. The Street is expecting a relatively flat reading (a gain of 10,000 jobs) with the unemployment rate rising 0.1 per cent to 7.0 per cent and average hourly wages rising 3.2 per cent year-over-year.
(8:30 a.m. ET) U.S. nonfarm payrolls for August. Consensus is a rise of 75,000 jobs month-over-month with the unemployment rate rising 0.1 per cent to 4.3 per cent and average hourly earnings up 0.3 per cent (or 3.7 per cent year-over-year).
(10 a.m. ET) U.S. Global Supply Chain Pressure Index for August.
Earnings include: Kroger Co.