US
0830 ET Aug non-farm payrolls expected +195,000, Jul +157,000. Aug private payrolls expected +194,000, Jul +170,000. Aug manufacturing payrolls expected +24,000, Jul +37,000. Aug unemployment rate expected -0.1 to 3.8%, Jul -0.1 to 3.9%.
0830 ET Aug avg hourly earnings expected +0.2% m/m and +2.7% y/y, Jul +0.3% m/m and +2.7% y/y. Aug avg weekly hours expected unch at 34.5 hours, Jul unch at 34.5 hours.
0830 ET Boston Fed President Eric Rosengren (non-voter) gives opening remarks at a conference on the consequences of long spells of low interest rates.
0900 ET Cleveland Fed President Loretta Mester (voter) moderates a panel titled a “Reality Check from the Markets†at a Boston Fed conference.
1245 ET Dallas Fed President Robert Kaplan takes part in a Q&A discussion during a Dallas Fed and Kansas City Fed conference on energy and the economy.
JPN
0100 ET Japan Jul leading index CI expected -1.2 to 103.5, Jun -2.2 to 104.7. Jul coincident index expected -0.7 to 115.7, Jun -0.4 to 116.4.
GER
0200 ET German Jul current account balance, Jun +26.2 billion euros.
0200 ET German Jul trade balance expected +19.5 billion euros, Jun +21.8 billion euros. Jul exports expected +0.3% m/m, Jun +0.1% m/m. Jul imports expected +0.1% m/m, Jun +1.3% m/m.
0200 ET German Jul industrial production expected +0.2% m/m and +2.6% y/y, Jun -0.9% m/m and +2.5% y/y.
0200 ET German Q2 labor costs, Q1 +1.0% q/q and +2.3% y/y.
FRA 0245 ET France Jul industrial production expected +0.2% m/m and +1.0% y/y, Jun +0.6% m/m and +1.7% y/y.
0245 ET France Jul manufacturing production expected +0.2% m/m and +1.5% y/y, Jun +0.6% m/m and +1.6% y/y.
UK
0330 ET UK Aug Halifax house prices expected +0.1% m/m and +3.7% 3-mo year-over-year, Jul +1.4% m/m and +3.3% 3-mo year-over-year.
ITA
0400 ET Italy Jul retail sales, Jun -0.2% m/m and +1.5% y/y.
EUR
0500 ET Revised Eurozone Q2 GDP, previous +0.4% q/q and +2.2% y/y.
CAN 0830 ET Canada Aug net change in employment expected +5,000, Jul +54,100. Aug unemployment rate expected +0.1 to 5.9%, Jul -0.2 to 5.8%.
1000 ET Canada Aug Ivey PMI, Jul -1.3 to 61.8.
CHI
n/a China Aug trade balance expected +$31.00 billion, Jul +$28.05 billion. Aug exports expected +10.0% y/y, Jul +12.2% y/y. Aug imports expected +18.5% y/y, Jul 27.3% y/y.
Commodity Calendar – Friday 9/7/2018
Date Time Event Survey Prior
9/7/2018 8:30 Net Export Sales Corn-Total 30-Aug — 700.4
9/7/2018 8:30 Net Export Sales Corn-Old Crop 30-Aug — 175.4
9/7/2018 8:30 Net Export Sales Soybeans-Total 30-Aug — 702.5
9/7/2018 8:30 Net Export Sales Soybeans-Old 30-Aug — 110.9
9/7/2018 8:30 Net Export Sales Wheat-Total 30-Aug — 414.8
9/7/2018 8:30 Net Export Sales Wheat-Old 30-Aug — 414.8
9/7/2018 8:30 Net Export Sales Cotton-Total 30-Aug — 200.3
9/7/2018 8:30 Net Export Sales Cotton-Old 30-Aug — 150.6
9/7/2018 8:30 Net Export Sales Soy Meal-Total 30-Aug — 478.5
9/7/2018 8:30 Net Export Sales Soy Meal-Old 30-Aug — -21.5
9/7/2018 8:30 Net Export Sales Soy Oil-Total 30-Aug — 24
9/7/2018 8:30 Net Export Sales Soy Oil-Old 30-Aug — 24
9/7/2018 13:00 Baker Hughes U.S. Rotary Gas Rigs 7-Sep — 184
9/7/2018 13:00 Baker Hughes U.S. Rotary Oil Rigs 7-Sep — 862
9/7/2018 13:00 Baker Hughes U.S. Rig Count 7-Sep — 1048