29.08.202516:26:59UTC+00Week Ahead - Sep 1st

In a week shortened by the US holiday, the release of August employment data will determine if the labor market continues to exhibit the noticeable slowdown seen in prior reports. Key figures such as nonfarm payrolls, the unemployment rate, wage growth, and reports from ADP, JOLTS, and Challenger on job cuts will provide fresh insights. Additionally, the ISM PMIs will present valuable indicators on growth, employment, and pricing dynamics. The trade balance will also be a focal point, reflecting the consequences of tariffs. Meanwhile, earnings from companies like Broadcom and Salesforce may affect investor sentiment regarding the tech sector's valuation. In Canada, labor statistics are also highly anticipated. Across Europe, we expect significant inflation figures from the Eurozone and Switzerland, and both the Eurozone and the UK are set to release retail sales data. In Asia, China's PMIs will reveal the outcomes of Beijing's economic initiatives. Elsewhere, GDP figures are awaited from Australia, Brazil, and South Korea.