Economic data releases are front and center this week. The economic calendar in the U.S. includes personal income and spending data today, the ADP employment report and ISM manufacturing reports on Wednesday, and non-farm payrolls and ISM non-manufacturing on Friday. Friday’s jobs report will be the most closely watched as usual.
In Europe, it is a busy week as well. European jobs data is tomorrow, led by Germany (which also has retail sales). European manufacturing PMI’s are released on Wednesday. The ECB releases its monthly statement on Thursday, followed by yet another Mario Draghi press conference. European services PMI data will be out on Friday.
In China, the focus will be on the handling of the protests in Hong Kong, which spread quickly over the weekend. The tension led to a nearly 2% drop for the Hang Seng index today.
Finally, in Japan, retail sales and industrial production are released tonight, the Tankan indices are released on Tuesday night, and Japan’s services PMI will be released on Thursday night. The Nikkei hit a 5 year high last week.
The single stock calendar is very light this week, with only a few events of note:
Monday, September 29th
- CTAS earnings after the close
- GTAT business update call
Tuesday, September 30th
- WAG earnings before the open
- RRC earnings before the open
- MSFT analyst update
Wednesday, October 1st
- GM business update call
- ADSK investor day
Thursday, October 2nd
- STZ earnings before the open
- ORCL analyst meeting
Friday, October 3rd
- No events of note