Next week begins the month of September and will be accompanied by new macroeconomic data from special importance, especially for the United States which, after a month in which its poor employment data caused panic among the world’s workers over fears of a recession, will announce its unemployment rate in August.
US unemployment data will be released on the 6th and, as analysts expect, could reach 4.1% This is two tenths below the current figure. The day before the unemployment rate, USA will also announce the evolution of non-agricultural employment in the ADP National Employment Report. This data is relevant not only to the dollar, but also to the electoral moment the country finds itself in.
On this side of puddleEurozone Composite Purchasing Index (PMI) data will be released. And as the continent’s major stock markets recover from the widespread fall in early August, It should be placed at 50.1 pointsunlike the current 51.2.
At the national level, we will know next Tuesday. the variation of unemployment in Spain during the month of August. In Europe too, the German country will announce its PMI index in the manufacturing sector on the 2nd, which should rise from 42.1 points currently to 43.4.
Regarding monetary policy, it should be noted that in Canada it will be made public on September 4. the decision taken regarding interest rates in the country. The Bank of Canada (BOC) is expected to make a further downward adjustment after two 25 basis point rate cuts so far in 2024. At this press conference, the economic outlook will also be discussed and possible hints will be given. future rate decisions.
