US Payrolls, China PMIs, Global Economy Update: Events to Watch
Markets are set for fresh insights into the global economy’s health, with several countries due to report their second-quarter GDP figures. The biggest risk events come later in the week, with updates on the US labor market. On the central bank front, the Bank of Canada and Chile’s central bank are expected to cut interest rates, while Malaysia’s policymakers are anticipated to keep them unchanged. In Asia, China’s PMI data, along with spending and cash earnings figures from Japan, will be closely watched.
Monday, Sep. 2
- China Caixin manufacturing PMI
- Japan capital spending
- Euro area manufacturing PMI F
- UK manufacturing PMI F
- Turkey 2Q GDP
- US Labor Day holiday with most US markets closed
Tuesday, Sep. 3
- South Korea, Swiss CPI
- ECB’s Nagel
- US manufacturing PMI F, construction spending and ISM manufacturing
- Brazil, South Africa 2Q GDP
- Chile Monetary Policy Rate (25bps cut expected)
- Mexico unemployment rate
- Turkey CPI, PPI
Wednesday, Sep. 4
- China Caixin service PMI
- Australia GDP
- Euro-area service PMI F and PPI
- ECB’s Villeroy
- US trade balance, JOLTS job openings, factory orders and durable goods orders
- BOC interest rate decision (cut expected)
- Fed’s Beige Book
- Brazil Industrial Production, Services/Composite PMI
Thursday, Sep 5
- South Korea 2Q GDP
- Japan labor cash earnings
- Malaysia rate decision (hold expected)
- BOJ’s Takata
- RBA’s Bullock
- Euro area retail sales
- German factory orders
- ECB’s Holzmann
- BOE decision maker panel survey
- ADP employment change, nonfarm productivity, unit labor costs, initial jobless claims, service PMI F, ISM services
Friday, Sep. 6
- Euro area GDP F
- German industrial production and trade balance
- US nonfarm payrolls, unemployment rate and average hourly earnings
- Canada net change in employment and unemployment rate
- Fed’s Williams and Waller
- Chile CPI
Sovereign rating updates: Turkey (Fitch), Norway (S&P), Greece (DBRS)