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The U.S. Labor Department issues employment report for August. The U.S. economy likely added
jobs at a solid clip in July and the unemployment rate probably dropped, which could be enough
to convince the Federal Reserve to move ahead with an interest rate hike in September. The
closely watched employment report will be released just over a week before the Fed's Sept. 16-17
policy meeting. Economists polled by Reuters expect the U.S. economy to have produced 220,000
non-farm jobs last month, compared with 215,000 in July. The unemployment rate is expected to
have risen 5.2 percent in August, at a slower pace compared with the prior month. There is,
however, a risk that payrolls could come in below expectations because of difficulties adjusting
the data for seasonal patterns related to the end of summer and the start of the new school
year. (0830/1230)
Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "The Case Against Further
Delay" before the Retail Merchants Association Economic Forecast Breakfast, in Richmond,
Virginia. (0810/1210)
Canada's economy is expected to have shed 4,500 jobs in August, while the unemployment rate is
seen holding steady at 6.8 percent. Analysts will be looking for signs of whether the labor
market is being impacted by the downturn in the energy sector. (0830/1230)
Boeing (NYSE:BA) opens a processing facility for its commercial space taxis, now known as CST-100, at
NASA's Kennedy Space Center. Space Florida, a state-backed economic development agency, took
over the hangar after the shuttles were retired and leased it to Boeing.
Brazil's private think-tank Getulio Vargas Foundation releases IGP-DI price index for August.
Inflation in Brazil as measured by the IGP-DI price index is expected to have risen 0.30
percent, compared to a 0.58 percent gain in the prior month. Separately, Brazil's national
automakers' association releases auto sales data for August. Weak demand has kept assembly lines
idle and triggered strikes as car makers lay off thousands of workers in a deepening crisis for
Brazil's auto industry. Also, Mexico's national statistics agency releases August data for
consumer confidence index. (0900/1300)
LIVECHAT - FX FOCUS with Derek Halpenny, European head of FX research, Bank of Tokyo-Mitsubishi
UFJ
Join popular Global Markets Forum regular Derek Halpenny, European head of FX research at Bank
of Tokyo-Mitsubishi UFJ, to discuss the outlook for the major currency pairs through to the end
of the year. (0500/0900) To join the Global Markets Forum, click here: http://bit.ly/1kTxdKD