What will drive the markets this week?
Global stocks closed mixed last week, in a volatile week that saw some of the greatest single-day gains and losses in months.
The volatility is expected to continue this week as investors will react to a looming government shutdown in the US; US lawmakers are racing to meet a Sept. 30 deadline to approve federal funding amid tight political gridlock in Washington. Investors will also digest a range of economic data including data on consumer confidence and housing markets in the U.S. and Europe, update on construction spending, and manufacturing PMI, in addition to personal income and spending figures.
In the corporate calendar Micron Technology, IHS Markit, FactSet, Paychex & used car seller CarMax report earnings this week.
Here is a quick summary of events that will drive markets this week.
Monday, September 27:
- U.S. Durable Goods Orders (August).
- EA Household and Company Loans (August).
- Bank of Japan Monetary Policy Meeting Minutes.
Tuesday, September 28:
- Earnings: Micron Technology, IHS Markit, and FactSet.
- U.S. Wholesale Inventories (August).
- U.S. Redbook Index (September).
- U.S. S&P Case-Shiller Home Price Index (July).
- Conference Board Consumer Confidence Index (September).
Wednesday, September 29:
- Earnings: Cintas.
- Warby Parker (WRBY) Begins Trading on the NYSE.
- U.S. NAR Pending Home Sales (August).
- EA Consumer Confidence and Economic Sentiment (September).
- China Caixin Manufacturing PMI (September).
- Japan Industrial Production (August).
- Japan Retail Sales (August).
- U.K. House Price Index (August).
Thursday, September 30:
- Earnings: Paychex and CarMax.
- U.S. GDP Growth Rate (Q2).
- U.S. PCE Prices (Q2).
- U.S. Construction Spending (August).
- EA Unemployment (August).
- France Consumer Spending (August).
- Italy Consumer Price Index (September).
- Japan Tankan Large Manufacturers and Non-Manufacturers Indexes (Q3).
Friday, October 1:
- U.S. Personal Income and Spending (August).
- U.S. ISM Manufacturing PMI (September).
- EA Consumer Price Index (September).
- EA Manufacturing PMI (September).
- U.K. Manufacturing PMI (September).
- Markets closed in Mainland China and Hong Kong for National Day.