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U.S. stock and bond markets are closed Monday for Labor Day. Then the reduced holiday week features several notable company updates and economic data releases.
GameStop
i
Lululemon Athletica
will publish quarterly results on Wednesday, followed by
International role
Thursday i
Kroger
Friday.
Analog devices
—Update its $ 21 billion acquisition of Maxim Integrated Products – will host an investor day on Wednesday. Modern, Danaher i
Home Depot
managements will also speak with investors on Thursday. Finally, Albemarle organizes a day for investors on Friday.
The highlight of the week’s economic data will be the production price index for Friday’s August from the Bureau of Labor Statistics. The consensus estimate by economists is a 0.6% monthly increase in the main index and 0.5% in the basic PPI, which leaves out the most volatile food and energy prices. . Both basic and major indices rose 1% in July. The August consumer price index will be released next week, September 14th.
On Tuesday, the Federal Reserve will release its latest beige book, full of updates on economic, hiring and business conditions in each of the central bank’s dozens of districts. The European Central Bank also announced a monetary policy decision on Thursday, but is expected to keep the target interest rate at its current level of 0.5% negative.
Monday 9/6
Shares and fixed income markets close on Labor Day observation.
Tuesday 9/7
General stores in Casey
i
Cup software
announces profits.
Wednesday 9/8
Copart,
GameStop and Lululemon Athletica publish quarterly results.
Analog Devices is holding a conference call to discuss its capital allocation plans and update its prospects for 2021. The company recently closed its $ 21 billion acquisition of Maxim Integrated Products.
Global payments,
Johnson Controls International,
i
ResMed
celebrate virtual investment days.
The Labor Office Statistics publish the Survey on job vacancies and workload. The consensus estimate is 10 million jobs on the last business day of July. In June, there were 10.1 million openings, the fourth consecutive monthly record.
The Federal Reserve reports consumer credit data for July. Total outstanding consumer debt rose $ 37.7 billion, to a record $ 4.32 trillion in June. For the second quarter, consumer credit rose at a seasonally adjusted annual rate of 8.8%, reflecting accumulated demand.
The Federal Reserve throws the beige book for the sixth time eight times this year. The report summarizes the current economic conditions of the 12 districts of the Federal Reserve.
Thursday 9/9
Home Depot is hosting a conference call to discuss its ESG strategy, led by Ron Jarvis, the company’s head of sustainability.
Moderna organizes its fifth annual R&D day to discuss vaccines in the company’s pipeline. Among the presenters will be CEO Stéphane Bancel.
Danaher is holding a meeting of investors and analysts, hosted by its CEO Rainer Blair.
International role,
Synchrony Financial,
and Willis
Torres Watson
celebrate investment days.
The European central The bank announces its monetary policy decision. The ECB is expected to keep its key interest rate unchanged at less than 0.5%.
The Department of Labor reports initial unemployment claims for the week ending Sept. 4. In August, claims averaged 355,000 a week, the lowest since the pandemic began. This will also be the last week that the additional $ 300 of enhanced federal unemployment benefits will be available. It is scheduled to expire on September 6th.
Friday 9/10
The BLS reports the production price index for August. Economists predict a monthly rise of 0.6% along with 0.5% of the basic PPI, which excludes volatile food and energy prices. Both jumped 1% in July.
Kroger holds a conference call to discuss the gains.
Albemarle and Bio-Techne are organizing their investment days for 2021.
Write to Nicholas Jasinski to [email protected]