Friday, August 31, 2012

Stock Market outlook september 3-7 2012

Stock Market outlook september 3-7 2012, stock market prediction next week september 3 2012 : Markets will also be looking ahead to a European Central Bank (ECB) meeting on September 6th and the German Constitutional Court ruling on the European Stability Mechanism on September 12th, all labelled as "risk" events by analysts at UniCredit yesterday which could lead to significant volatility on markets.

US and most European shares closed higher on Friday after a speech by US Federal Reserve chairman Ben Bernanke left open the possibility for new stimulus measures.

In the US, the Dow Jones Industrial Average added 90.13 points (0.69 per cent), closing at 13,090.84.

In Europe, Frankfurt's DAX 30 surged 1.09 per cent to 6,970.79 points and Paris' CAC 40 gained one per cent to 3,413.07 points at the close on Friday.

London bucked the trend, with the FTSE-100 slipping 0.14 per cent to 5,711.48 points.

In other news, following the meeting between German Chancellor Angela Merkel and Italian Prime Minister Mario Monti in Berlin yesterday, Merkel has requested that Italy delays its request for aid, according to Spanish newspaper El Mundo.

The data calendar itself next week isn’t very heavy. The highlight comes Friday morning, with the monthly nonfarm payrolls report. Consensus is for a very tepid 128,00o jobs created, with the unemployment rate remaining flat at 8.3%. This will be the last big data point before the next Fed rate-setting meeting, so there may be some speculation about what the numbers spell for QE3 (probably not much, one way or the other).

The other headline event next week is the ECB’s governing council meeting, on Sept. 6. Most in the market expect President Mario “whatever it takes” Draghi to outline the bank’s plans to get back into buying up sovereign-debt, and taking on some kind of regulatory role over Europe’s fractured banking system. But that’s highly speculative.

In the week ahead, markets will be focusing on the ECB’s post-policy meeting press conference on Thursday, as investors await more details about the size and scope of the bank’s bond purchasing program from President Mario Draghi.

The U.S. is to release its monthly report on non-farm payrolls on Friday, which will allow investors to gauge the strength of the faltering labor market.

Ahead of the coming week, stock market news has compiled a list of these and other significant events likely to affect the markets.

Monday, September 3 2012
Japan is to release government data on capital spending, a leading indicator of economic health.

Australia is to produce official data on retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity. The country is also to publish industry data on job advertisements, followed by an official report on company operating profits.

Switzerland is to release official data on retail sales, followed by the SVME purchasing managers’ index.

The U.K. is to release data on manufacturing activity, a leading indicator of economic health.

In the euro zone, ECB President Mario Draghi is scheduled to testify before the European Parliament's Economic and Monetary Affairs Committee, in Brussels. Meanwhile, Spain and Italy are to release official data on manufacturing activity.

Markets in the U.S. and in Canada are to remain closed for the Labor Day holiday.

Tuesday, September 4 2012


The Reserve Bank of Australia is to announce its benchmark interest rate; the announcement is to be accompanied by the bank’s rate statement, which contains insights into current economic conditions for the bank’s perspective. The country is also to release official data on the current account.

Japan is to produce government data on average cash earnings.

In Europe, Switzerland is to publish official data on second quarter gross domestic product, the broadest measure of economic activity and the primary gauge of the economy's health.

The U.K. is to publish industry data on house price inflation, a leading indicator demand in the housing sector, as well as industry data on retail sales. The U.K. is also to release data on construction sector activity.

The U.S. is to publish a report by the Institute for Supply Management on manufacturing PMI.

Wednesday, September 5 2012

Australia is to release official data on second quarter gross domestic product, the broadest measure of economic activity and the primary gauge of the economy's health, as well as data on service sector activity.

Switzerland is to produce official data on consumer price inflation, which accounts for a majority of overall inflation.

Elsewhere in Europe, the U.K. is to release data on service sector activity, a leading indicator of economic health.

Meanwhile, the euro zone is to publish official data on retail sales.

The Bank of Canada is to announce its benchmark interest rate; the announcement is to be accompanied by the bank’s rate statement, which contains insights into current economic conditions for the bank’s perspective.

Later in the day, the U.S. is to produce revised data on nonfarm productivity.

Thursday, September 6 2012

Australia is to publish official data on employment change and the unemployment rate, a leading indicator of economic health.

Bank of Japan Governor Masaaki Shirakawa is scheduled to speak in Tokyo; his comments will be closely watched for any indications of the possible future direction of monetary policy.

In the euro zone, the ECB is to announce its benchmark interest rate. The announcement is to be followed by a press conference with bank head Mario Draghi, which will be closely watched for details of the bank’s bond purchasing program.

Elsewhere, Germany is to release a report on factory orders, a leading indicator of production.

In the U.K., the Bank of England is to announce its benchmark interest rate.

The U.S. is to produce industry data on non-farm employment change, followed by weekly government data on unemployment claims. The country is also to release a report by the Institute for Supply Management on non-manufacturing activity, as well as government data on crude oil stockpiles.

Friday, September 7 2012


Australia is to release official data on trade balance, which is the difference in value between imported and exported goods and services.

In Europe, the Swiss National Bank is to publish a report on foreign currency reserves,

The U.K. is to produce official data on manufacturing production and producer price inflation, followed by a BoE report on consumer inflation expectations.

In the euro zone, Germany is to publish official data on industrial production, a leading indicator of economic health.

Later in the day, Canada is to release official data on building permits, a key gauge of future construction activity, as well as on employment change and the unemployment rate. The country is also to publish an official report on labor productivity, followed by a PMI report by the Richard Ivey School of Business.

The U.S. is to round up the week with closely watched official data on non-farm payrolls and the unemployment rate, as well as a report on average hourly earnings.

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