Morning Bid: China surprise lifts mood before US payrolls

Investors await the release of U.S. nonfarm payrolls and a barrage of manufacturing data to close out a week of mixed economic reports, while China's private-sector survey shows factory activity expanding despite ongoing economic challenges.

reuters.com

Relevant topic timeline:

8/28/2023

Stock Market Today: Dow Opens Higher; Hawaiian Electric, 3M, and Other Movers

Investors will be focusing on new data on the U.S. labor market, including job openings and the nonfarm payrolls report, as well as earnings reports from retailers and the latest inflation data.

8/28/2023

The Fed is 'flying blind' on the economy. Will this week's jobs data help?

Investors are eagerly awaiting news about the health of the US labor market, with reports on job openings, labor turnover, employment, and job cuts expected this week, as the Federal Reserve aims to cool the economy to fight inflation caused by higher labor costs.

8/31/2023

CNBC Daily Open: Jobs growth slowed down. Markets shot up

UBS reports higher than expected profits, job creation in the US slows, and markets rally on weaker economic data and hope for a pause in interest rate hikes. China's factory activity shrinks but at a slower pace, while retail sales increase. There are opportunities for investors in other Asian markets.

9/3/2023

Markets This Week, 9/04-9/08, 2023: Welcoming the Fall - TipRanks.com

Stock markets showed signs of improvement last week, fueled by hopes of a Goldilocks economic scenario, despite downward revisions in Q2 GDP growth and a slowdown in housing prices, while robust hiring and a decline in wage growth raised concerns about a cooling job market. The strength of U.S. consumers and the moderation of the Consumer Confidence index are factors that could influence the Federal Reserve's decisions on inflation, with investors advised to rely on trustworthy data and analysis. Noteworthy upcoming earnings and dividend announcements include Zscaler, Gitlab, GameStop, C3ai, American Eagle, DocuSign, and Kroger. Key economic reports this week will focus on Factory Orders, ISM Services PMI, and Q2 Non-Farm Productivity and Unit Labor Costs.

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Posted 9/1/2023, 5:17:06 AM

Morning Bid: China surprise lifts mood before US payrolls

reuters.com

Relevant topic timeline:

8/28/2023

Stock Market Today: Dow Opens Higher; Hawaiian Electric, 3M, and Other Movers

Investors will be focusing on new data on the U.S. labor market, including job openings and the nonfarm payrolls report, as well as earnings reports from retailers and the latest inflation data.

8/28/2023

The Fed is 'flying blind' on the economy. Will this week's jobs data help?

8/31/2023

CNBC Daily Open: Jobs growth slowed down. Markets shot up

9/3/2023

Markets This Week, 9/04-9/08, 2023: Welcoming the Fall - TipRanks.com