Busy Economic Week Ahead: Key Labor Market and Inflation Reports Scheduled
Team FS
28/Sep/2024

What’s Covered in the Article:
Key economic reports in the US include the labor market report, JOLTS job openings, and Fed officials' speeches, including Jerome Powell.
Global inflation rates will be released from several countries, alongside critical economic indicators from Japan and China.
A range of manufacturing and services PMI reports from various nations, providing insights into global economic health.
The upcoming week, starting October 1st, promises to be incredibly busy in the United States, with a series of key economic reports and significant appearances by Federal Reserve officials, including Chair Jerome Powell. The labor market report will be a focal point, offering vital insights into employment trends, which could influence monetary policy decisions moving forward.
In addition to the labor market report, investors and analysts will closely monitor JOLTS job openings, which provides a comprehensive view of job availability and labor demand in the economy. Moreover, the ISM Manufacturing and Services PMI reports will be essential for gauging the health of these sectors, while factory orders will give further insights into manufacturing activity.
Globally, the week will also see crucial inflation data being released from a host of countries, including Poland, Italy, Germany, the Euro Area, the Netherlands, South Korea, Switzerland, Turkey, and the Philippines. These figures will help analysts understand inflation trends across various economies and how they might impact global markets.
Japan is set to report on multiple economic indicators, including industrial production, retail sales, unemployment, and consumer confidence. The Tankan Manufacturers Index will also be released, providing a snapshot of the sentiment among Japanese manufacturers, which can have broader implications for the economy.
In China, both the NBS and Caixin Manufacturing and Services PMI will be announced, offering insights into the performance and outlook of these critical sectors amid ongoing economic challenges.
Furthermore, foreign trade data is anticipated from Australia, South Korea, and Brazil, which will add to the understanding of global trade dynamics in the current environment. Additionally, manufacturing PMI data will be collected from Russia, Switzerland, Spain, Italy, and South Korea, while services PMI reports will come from Spain, Italy, and Brazil.
As this busy week unfolds, market participants will be on high alert for these reports, as they will provide essential information regarding economic health and trends. The interplay between domestic labor data and international inflation trends will shape the economic landscape, guiding investment strategies and monetary policy discussions in the coming weeks.
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