Forecasts for tonight’s US non-farm payrolls result are for 200,000 new jobs to have been added in August. After many years of strong labour growth, Wall Street no longer particularly cares about that raw number. Of more importance is any evidence of wage inflation that might surprise the Fed.
Tomorrow, Beijing releases August trade numbers, followed by inflation numbers on Monday, and then on Friday the monthly dump of industrial production, retail sales and fixed asset investment data is due.
The Fed Beige Book is out next week along with the US PPI and CPI.
Both the ECB and Bank of England hold policy meetings on Thursday.
In Australia, we’ll see the NAB business and Westpac consumer confidence surveys and our own August jobs numbers.
On the local stock market, it’s another very big week of stocks going ex-dividend and there are plenty of big names on the list.
Gold Road ((GOR)) releases earnings on Friday.
Friday also sees the promotion and relegation of stocks in and out of the S&P/ASX indices, announced today, become effective.
