Weekly Outlook: 2016, August 28 - September 04
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, 08-28-2016 at 02:57 PM (1621 Views)
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.
- US CB Consumer Confidence: Tuesday, 14:00. Economists expect consumer moral will reach 97.2 in August.
- US ADP Non-Farm Employment Change: Wednesday, 12:15. Estimates for the ADP report are for a 173.000 job gain in August.
- Canadian GDP: Wednesday, 12:30. The Canadian economy is expected to grow by 0.5% in June.
- US Crude Oil Inventories: Wednesday, 14:30.
- US Unemployment Claims: Thursday, 12:30. The number of new claims is expected to be 265,000 this week.
- US ISM Manufacturing PMI: Thursday, 14:00. The ISM Manufacturing index is expected to reach 52 this time.
- 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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