5 Things to Know Before Stock Markets Open Tomorrow
September 06, 2023: 5 Things to Know Before Stock Markets Open Tomorrow
- U.S. jobs report: The Labor Department will release its monthly jobs report on Friday. Economists expect the report to show that the U.S. economy added 275,000 jobs in August, down from 390,000 in July. The unemployment rate is expected to remain unchanged at 3.6%.
- Earnings season: The second quarter earnings season is in full swing. So far, earnings have been mixed, with some companies beating expectations and others missing. Investors will be watching closely to see how corporate profits are holding up amid rising inflation and supply chain disruptions.
- FOMC meeting: The Federal Open Market Committee (FOMC) will meet on Tuesday and Wednesday. The central bank is not expected to raise interest rates at this meeting, but it will release updated economic projections and could provide more clarity on its plans for tapering its bond purchases.
- Crude oil prices: Oil prices have been volatile recently, but they are trading near $70 a barrel. Investors will watch oil prices closely to see if they can maintain their recent gains.
- China economic data: China will release financial data on Friday, including industrial production, retail sales, and fixed asset investment. The data is expected to show that the Chinese economy slowed down in August amid a property market slowdown.
Actionable Takeaways:
- Investors should monitor the U.S. jobs report and earnings season for signs of economic strength or weakness.
- Investors should also watch the FOMC meeting for changes in the central bank’s policy outlook.
- Investors should keep an eye on oil prices, as they could significantly impact inflation and economic growth.
- Investors should also watch the Chinese economic data for signs of weakness in the world’s second-largest economy.
- The stock markets will likely be volatile in the near term as investors digest the latest economic data and central bank announcements. However, the long-term outlook for the markets remains positive, as the global economy is expected to grow.
