Week Ahead – Important US macro data should show improvement

Erste Group
Door oktober 8, 2019 15:09

Week Ahead – Important US macro data should show improvement

Important US data is due for release next week. Markets will be watching to see if the weakening that began in August continues or if there is a recovery. We believe that the weak August figures were due to the environment that was driven by an escalation in the trade war with China. We therefore agree with the market consensus and expect an improvement in September. The series of publications with the ISM index begins on October 1. This indicator, industry's most important, fell below the 50 point mark in August, indicating a contraction in this area. The ADP Labor Market Data continues the releases. This data, published by a private service provider, will give an initial assessment of employment growth in September. The government’s official labor market report at the end of the week will then provide the official figure. In addition to this important economic data, further political developments will also be monitored by the markets via a possible impeachment procedure for President Trump. The economic data should be more important for markets.

Erste Group
Door oktober 8, 2019 15:09

Zoek

Asset Allocation Consensus September

Zoek op datum

oktober 2019
M D W D V Z Z
« sep    
 123456
78910111213
14151617181920
21222324252627
28293031