Analytics, 31 August 2020
What will drive the markets this week?
September is usually a challenging month for the market, but stocks could start the month on an upswing after an impressive August. This week will be dominated by a plethora of economic data (PMIs), employment data, the Apple and Tesla Stock Splits, and Zoom earnings report.
While Friday’s August jobs report is the big event of the week, comments from Fed officials will be watched closely for further clarity on the new policy on interest rates announced last week. We provide a short brief on what will drive the market this week.
Monday, August 31:
- Two market favorites, Apple and Tesla begin trading on a split-adjusted price basis on Monday.
- Zoom Video Communications reports its second-quarter results for fiscal 2021 after the market close on Monday, Aug. 31.
- Chicago Purchasing Managers Index (PMI)
- Indian Gross Domestic Product (GDP) (Q1)
- German Consumer Price Index (CPI) (August)
Tuesday, September 1:
- German Manufacturing PMI (August)
- German Unemployment Rate (August)
- U.K. Manufacturing PMI (August)
- U.S. ISM Manufacturing PMI (August)
- U.S. Manufacturing PMI (August)
- Eurozone Manufacturing PMI (August)
- French Manufacturing PMI (August)
- Italian Manufacturing PMI (August)
- Reserve Bank of Australia Interest Rate Decision
- Brazilian GDP (Q2)
- Eurozone Preliminary CPI (August)
Wednesday, September 2:
- U.S. Factory Orders (July)
- U.S. ADP Nonfarm Payrolls (August)
- U.S. Factory Orders (July)
- Federal Reserve Beige Book
- Comments from New York Fed President John Williams
Thursday, September 3:
- Earnings: Broadcom, Campbell’s Soup, Signet Jewelers, Docusign
- U.S. Markit Services PMI (August)
- U.S. ISM Services PMI (August)
- U.K. Services PMI (August)
- Eurozone Services PMI (August)
Friday, September 4:
- U.S. Unemployment Rate (August)
- U.S. Nonfarm Payrolls (August)
- Canadian Unemployment Rate (August)
- Canadian Ivey PMI (August)
- U.K. Construction PMI (August)