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Weekly Outlook: 2016, August 28 - September 04

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by , 08-28-2016 at 02:57 PM (1635 Views)
      
   
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US CB Consumer Confidence, Canadian GDP data, US ISM Manufacturing PMI as well as important employment figures including the all-important monthly NFP report on Friday. These are the main market movers on our weekly outlook.

  1. US CB Consumer Confidence: Tuesday, 14:00. Economists expect consumer moral will reach 97.2 in August.
  2. US ADP Non-Farm Employment Change: Wednesday, 12:15. Estimates for the ADP report are for a 173.000 job gain in August.
  3. Canadian GDP: Wednesday, 12:30. The Canadian economy is expected to grow by 0.5% in June.
  4. US Crude Oil Inventories: Wednesday, 14:30.
  5. US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to be 265,000 this week.
  6. US ISM Manufacturing PMI: Thursday, 14:00. The ISM Manufacturing index is expected to reach 52 this time.
  7. US Non-Farm Employment Change and Unemployment rate: Friday, 12:30. Economists expect the US economy will gain 186,000 jobs in August and the Unemployment rate will decline to 4.8%.

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