Monday, September 25, 2023

The unemployment rate in the US will dominate the week on the equity markets

Investors’ attention next week will be on the release of preliminary August inflation figures for euro-zone countries and this month’s US unemployment rate.

Tomorrow and Tuesday there will be sessions in Europe with no relevant macroeconomic data for the markets, which on Wednesday will watch the inflation releases for August from Germany and Spain ahead of schedule.

Other consumer price indices (CPI) with the same characteristics will be released on Thursday in other euro area countries, such as France, Portugal, and Italy, where the July unemployment rate for that currency area will also be released.

Europe ends the week and starts September with the release of Italy’s Gross Domestic Product (GDP) on Friday.

In the United States, the agenda will be broader throughout the week, starting on Tuesday with the August consumer confidence index after a Monday of little relevant macroeconomic activity for investors.

Wednesday is the turn of this month’s Private Employment Survey (ADP) and the second revision of the country’s GDP for the second quarter.

Thursday’s US session will be dominated by August’s personal consumer spending index, known as the PCE deflator, which the Federal Reserve uses as a benchmark instead of the consumer price index (CPI) for making monetary policy decisions.

On the agenda for investors in the United States on Friday is the August unemployment rate, although the day also releases the country’s nonfarm payrolls index, average hourly wage report, and ISM manufacturing indicator Activity.

In Asia, markets will watch Japan’s July unemployment rate on Tuesday and this month’s Japanese Retail Sales on Thursday, as well as China’s August PMI indices (Caixin-compiled Chinese PMIs will be released on Friday).

World Nation News Desk
World Nation News Desk
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