The week ahead: 30/08/21
As we move into September we’ll get a new US nonfarm payrolls report on Friday. Ahead of that we have a varied set of earnings to digest, including food producers Campbell’s and Hormel, Jack Daniel’s owner Brown-Forman and clothing firms PVH and American Eagle.
Monday 30 August
While Monday is a Bank Holiday in the UK, we still have German CPI data to look out for, along with US pending home sales. We also expect to see earnings from video meeting firm Zoom and tax preparation specialists H&R Block.
Tuesday 31 August
Early on Tuesday Japanese industrial production figures will be released, shortly followed by Chinese manufacturing and non-manufacturing PMI. Later in the morning we’ll see the French revised Q2 GDP, German unemployment and eurozone CPI. US data includes the Chicago PMI and the Conference Board’s consumer confidence index – last month showed little change at 129.1. Standouts in the earnings schedule are clothing group PVH, semiconductor designer Ambarella and gold-mining firm Harmony.
Wednesday 1 September
September begins with Australian GDP for the second quarter, German retail sales and eurozone unemployment figures. We’ll also get manufacturing PMI data for the UK, the US, France, Germany and the eurozone, and the ADP US employment report. The earnings schedule includes alcoholic drinks group Brown-Forman (shedding light on the management of its brand portfolio over the last quarter) and iconic food brand Campbell’s.
Thursday 2 September
Reporting to the market on Thursday are semiconductor and software supplier Broadcom, food company Hormel, IT firm Hewlett Packard Enterprise, UK housebuilder Barratt Developments, clothing brand American Eagle and jewellery group Signet. Among the macroeconomic data releases, keep an eye out in the US for nonfarm productivity, trade balance and factory orders.
Friday 3 September
Friday’s clear highlight is the US nonfarm payrolls report. In July the US saw an increase of 943,000 jobs, ahead of expectations. We’ll also have services PMI data for France, Germany, the eurozone, the UK and the US, plus eurozone retail sales. A much quieter earnings schedule includes investment manager Ashmore.
Published: 30 August 2021
You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.