Week Ahead – w36
Summary Key Macro Events
French president Emmanuel Macron is due back in Beirut on Monday, where he will follow up on reconstruction efforts (31)
Argentina will learn on Monday whether enough creditors have accepted its offer to restructure $65bn of foreign debt (31)
Fed vice-chair Richard Clarida on Monday speaks about the new monetary policy framework (31)
Eurozone CPI for August (1)
ISM Manufacturing for August (1)
Fed governor Lael Brainard will also address the new monetary policy framework (1)
Bank of England policymakers, including governor Andrew Bailey, update the UK parliament on Wednesday (2)
Fed president John Williams is due on Wednesday to discuss the economy and Covid-19 (2)
An announcement on France’s economic recovery plan (€100 billion), originally due last week, is now scheduled for Thursday (3)
ISM Services for August (3)
Employment report for August (4)
US and eurozone jobs data, Macron visits Beirut https://t.co/WynOgrq5Zo
— FT Economics (@fteconomics) August 30, 2020
Stocks start September in high gear as Apple and Tesla split, and markets await August jobs report https://t.co/Js3aXv5Kb6
— CNBC (@CNBC) August 28, 2020
U.S. Jobless Rate Set to Return to Single Digits: Eco Week Ahead
*Central banks in Australia, Chile, Colombia, Ukraine to meethttps://t.co/1ps9c3ewfQ— Christophe Barraud (@C_Barraud) August 30, 2020
Will be watching to see in particular if all the different series of discount bonds (Kirchner era bonds, with very limited aggregated voting) go into the deal. Would be a surprise at this stage if any of the Macri bond series drop out
— Brad Setser (@Brad_Setser) August 28, 2020
To get all the discount bonds into the deal you need the votes of 75% of each bond, or if 85% of the pars and discos go into the deal, 67% of each bond.
2/2 pic.twitter.com/8DhrXpjjm9
— Brad Setser (@Brad_Setser) August 28, 2020
Plan de relance économique. Jean Castex répondra aux questions sur RTL jeudi matin https://t.co/dLrNsHCWaa
— Ouest-France (@OuestFrance) August 30, 2020
Focus on Economic Calendar
Tips From Top Forecasters: U.S. Economic Calendar (w36) | New Vehicle Sales, Initial Weekly Claims, Change in Nonfarm Payrollshttps://t.co/YMKz1aj2GQ
— Christophe Barraud (@C_Barraud) August 29, 2020
U.S. New Vehicle Sales Are Expected to Keep Rising In August Despite Lack of New Government Stimulushttps://t.co/KMtckLxyUJ
— Christophe Barraud (@C_Barraud) August 29, 2020
Schedule for Week of August 30, 2020 https://t.co/dIZHxkdQVo The key report this week is the August employment report on Friday.
For data nerds, the BLS will release their 10 year Labor Force Projections on Tuesday. pic.twitter.com/NyF78t0ocK
— Bill McBride (@calculatedrisk) August 29, 2020
August Employment Report: Comments on Temporary Decennial Census Hiring and Education https://t.co/5Lg91fkyc1
— Bill McBride (@calculatedrisk) August 30, 2020
Top 10 Macro/Financial Charts of the Previous Week – w35
⚠ Top 10 Macro/Financial Charts of the Week – w35 ⚠
HT @MacroCharts, @sentimentrader, @ThinkTankCharts, @CapitalComped, @TaviCosta, @zerohedgehttps://t.co/qa7k3Aoj9z
— Christophe Barraud (@C_Barraud) August 30, 2020