Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Steady Markets Await Non-Farm Payrolls, More Manufacturing PMI Reports

By Colin CieszynskiMarket OverviewSep 01, 2017 08:47
ca.investing.com/analysis/steady-markets-await-nonfarm-payrolls-and-more-manufacturing-pmi-reports-200196061
Steady Markets Await Non-Farm Payrolls, More Manufacturing PMI Reports
By Colin Cieszynski   |  Sep 01, 2017 08:47
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Stock markets around the world are trading up slightly overnight. U.S. index futures are up 0.1%. The DAX is up 0.7% and the FTSE is up 0.25%. Major currencies, including gold, are all steady this morning.

Overnight manufacturing PMI reports were mixed as usual. The U.K., Australia, Italy, Greece and China exceeded expectations significantly, while Spain and Norway fell short. Greece’s GDP also beat the street. Overall, this news combined with strong Canada GDP and U.S. ADP payroll indicate a strengthening global economy, with Europe finally starting to pick up steam.

The main event today is U.S. nonfarm payrolls. A spectacular ADP report on Wednesday suggests a robust job market in the U.S. and the potential for a non-farm beat as well. The street is at 180K, down from 209K last month, I am thinking 225K. U.S. manufacturing PMI is due later Friday morning. Chicago PMI came in slightly above expectations so we could see a positive national report as well.

The afternoon could be quieter as traders prepare for the last long weekend of summer in the U.S. and Canada.

Energy markets remain active. Crude oil rallied Thursday in what looks like a delayed reaction to falling inventories. WTI has turned back downward today falling 1.0% on reports the U.S. could release supply from the Strategic Petroleum Reserve as needed.

Steady Markets Await Non-Farm Payrolls, More Manufacturing PMI Reports
 

Related Articles

Steady Markets Await Non-Farm Payrolls, More Manufacturing PMI Reports

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: DISCLAIMER: CMC Markets is an execution only provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Continue with Google
or
Sign up with Email