Watch central banks and U.S. ISM and payrolls

Genevieve Signoret

Macro Views

Events in red are those most likely to shake markets.

Monday 1 September

• Global: Manufacturing PMIs (Aug).
• Japan: Inflation expectations implicit in bond yields (Jul).
• Korea: Foreign trade (Aug).
• Brazil: Foreign trade (Aug).
• Mexico: Ordinary legislative session begins, family remittances (Jul), IMEF manufacturing and nonmanufacturing PMI (Aug).

Tuesday 2

• Korea: Consumer prices (Aug).
• USA: ISM manufacturing PMI (Aug). Consensus estimate: 57.0 (since 57.6 in July).
• Brazil: Industrial production (Jul).
• Mexico: Banxico survey of professional forecasters (Aug), President Peña State of the Nation Address.

Wednesday 3

• Global: Markit services PMIs (Aug).
• China: NBS nonmanufacturing PMI (Aug).
• Turkey: Consumer prices (Aug).
• Euro Area: GDP (Q2, second estimate).
• USA: Beige Book.
• Brazil: Monetary policy decision.

Thursday 4

• Japan: Monetary policy decision. Consensus estimate: No change at 0.0–1.0%.
• Korea: GDP (Q2, final).
• Euro Area: Monetary policy decision. Consensus estimate: No change at 0.15%.
• UK: Monetary policy decision. Consensus estimate: No change at 0.50%.
• USA: ISM nonmanufacturing PMI (Aug), unemployment claims (Aug 30), foreign trade (Jul), Fed speech: Mester (FOMC voter).

Friday 5

• Germany: Industrial production (Jul).
• USA: Consumer credit (Jul), Fed speech: Kocherlakota (FOMC voter), nonfarm payrolls and unemployment rate (Aug). Consensus estimate: 220K (since 209K in July).
• Brazil: Consumer prices (Aug).
• Mexico: Monetary policy decision, consumer confidence (Aug).