The week begins quietly with a holiday in the US, leaving investors to digest the impact of the previous week’s PCE inflation data. However, the focus will shift rapidly to the monthly US jobs report on Friday, especially after the weak reading last month, the sharp revisions to the data and the surprise firing of the head of the Bureau of Labor Statistics. ISM PMIs in the US and China PMIs provide the other points of note in the economic calendar.
Now that Nvidia is out of the way, US earnings season is effectively at an end, while in the UK corporate news has yet to revive following the quiet summer period, though updates from housebuilder Vistry and retailer Currys provide some interest.
4am (London time) – China trade data (August): exports expected to rise 6.6% YoY and imports to rise 5%. Markets to watch: CNH crosses
2.30am (London time) – Australia NAB business confidence (August): index forecast to rise to 8. Markets to watch: AUD crosses
2.30am (London time) – China CPI (August): prices expected to fall 0.1% YoY and rise 0.3% MoM. Markets to watch: CNH crosses
1.30pm (London time) – US PPI (August): factory-gate inflation forecast to be 0.6% MoM from 0.9%, and core PPI to slow to 0.4% from 0.9% MoM. Markets to watch: USD crosses
3.30pm (London time) – US EIA crude oil inventories (w/e 5 September): stockpiles rose by 2.4 million barrels in the preceding week. Markets to watch: Brent, WTI
1.15pm (London time) – ECB rate decision: rates expected to be held at 2%, but comments around the outlook for inflation are likely. Markets to watch: eurozone indices, EUR crosses
1.30pm (London time) – US CPI (August), initial jobless claims: US inflation, one of the key drivers for markets, is expected to see prices rise by 0.3% MoM and 2.8% YoY, from 0.2% and 2.7% respectively. Core CPI, which excludes food and energy prices, is forecast to be 0.3% MoM and 3.1% YoY, in line with last month, which may calm fears about a tariff-related bump in inflation. Claims expected to rise to 240K from 237K. Markets to watch: US indices, USD crosses
7am (London time) – UK GDP: growth for the three months to July expected to be 0.2%, down from 0.3% for the three months to June. Markets to watch: GBP crosses
3pm (London time) – US Michigan confidence sentiment (September, preliminary): index forecast to drop to 57 from 58.2. Markets to watch: US indices, USD crosses
4am (London time) – China trade data (August): exports expected to rise 6.6% YoY and imports to rise 5%. Markets to watch: CNH crosses
2.30am (London time) – Australia NAB business confidence (August): index forecast to rise to 8. Markets to watch: AUD crosses
2.30am (London time) – China CPI (August): prices expected to fall 0.1% YoY and rise 0.3% MoM. Markets to watch: CNH crosses
1.30pm (London time) – US PPI (August): factory-gate inflation forecast to be 0.6% MoM from 0.9%, and core PPI to slow to 0.4% from 0.9% MoM. Markets to watch: USD crosses
3.30pm (London time) – US EIA crude oil inventories (w/e 5 September): stockpiles rose by 2.4 million barrels in the preceding week. Markets to watch: Brent, WTI
1.15pm (London time) – ECB rate decision: rates expected to be held at 2%, but comments around the outlook for inflation are likely. Markets to watch: eurozone indices, EUR crosses
1.30pm (London time) – US CPI (August), initial jobless claims: US inflation, one of the key drivers for markets, is expected to see prices rise by 0.3% MoM and 2.8% YoY, from 0.2% and 2.7% respectively. Core CPI, which excludes food and energy prices, is forecast to be 0.3% MoM and 3.1% YoY, in line with last month, which may calm fears about a tariff-related bump in inflation. Claims expected to rise to 240K from 237K. Markets to watch: US indices, USD crosses
7am (London time) – UK GDP: growth for the three months to July expected to be 0.2%, down from 0.3% for the three months to June. Markets to watch: GBP crosses
3pm (London time) – US Michigan confidence sentiment (September, preliminary): index forecast to drop to 57 from 58.2. Markets to watch: US indices, USD crosses
Monday 8 Sep |
Tuesday 9 Sep |
Wednesday 10 Sep |
Thursday 11 Sep |
Friday 12 Sep |
|
Full-year earnings | |||||
Half/ Quarterly earnings | Phoenix | Computacenter Dunelm Gamestop |
Playtech Energean Oil and Gas Feverfree Wickes THG |
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Trading update | Associated British Foods |
FTSE 250: Baltic Classifieds, Greggs, Goodwin, Atalya Mining, Grafton
Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.
Monday 08-Sep |
Tuesday 09-Sep |
Wednesday 10-Sep |
Thursday 11-Sep |
Friday 12-Sep |
Monday 15-Sep |
|
FTSE 100 | 1.45 | |||||
Australia 200 | 4.6 | 2.6 | 0.8 | 0.9 | 1.3 | 0.8 |
Wall Street | 6.8 | 0.1 | 24.3 | |||
US 500 | 0.21 | 0.18 | 0.06 | 0.27 | 1.66 | 0.24 |
Nasdaq | 0.18 | 0.13 | 0.83 | 2.43 | ||
Netherlands 25 | ||||||
EU Stocks 50 | ||||||
China H-Shares | 8.4 | 6.8 | 9.3 | 0.8 | ||
Singapore Blue Chip | ||||||
Hong Kong HS50 | 17.2 | 16.7 | 19.6 | 4.2 | 1.5 | |
South Africa 40 | 353.2 | |||||
Japan 225 |
* Please note these can change without notice
1 Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day
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