Friday brings the closely watched US Jobs Report, so let’s take a closer look with the Economic Calendar.
Starting things off at 8:30 in the morning is the UK Construction PMI for August. The Index inched slightly lower in July, having dropped to a 7-year low the previous month.
Euro Zone Producer Price Index for July follows at 9. Producer prices grew more than anticipated in June on the back of a strong growth in energy costs.
So the highly anticipated US August Employment Report is up next at 12:30 PM GMT. This report is particularly relevant as labour is among the most important pieces of data the Fed will consider during their September meeting. Moreover, the last two reports came in stronger than anticipated.
US Trade Balance for July is out at the same time. Trade deficit widened in June as imports grew much faster than exports.
The Canadian counterpart of this release comes at the same time. The trade deficit saw little change in June as both exports and imports grew at a similar pace.
And US Factory Orders for July conclude the schedule at 2. Orders have been declining for the past two months.
I’m Kiays Khalil and these are the news releases to watch on Friday, the 2nd of September. Check back in for the next overview of news releases for Monday. Goodbye.
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