US
0730 ET Aug Challenger job cuts, Jun -4.2% y/y.
0815 ET Aug ADP employment change expected +200,000, Jul +219,000.
0830 ET Weekly initial unemployment claims expected unchanged at 213,000, previous +3,000 to 213,000. Weekly continuing claims expected +12,000 to 1.720 million, previous -19,000 to 1.708 million.
0830 ET Q2 non-farm productivity expected revised up +0.1 to 3.0%. Q2 unit labor costs expected unrevised at -0.9%.
1000 ET Aug ISM non-manufacturing PMI expected +1.1 to 56.8, Jul -3.4 to 55.7.
1000 ET Jul factory orders expected -0.6%, Jun +0.7% and +0.4% ex transportation.
1000 ET New York Fed President John Williams (voter) discusses the regional and national economy at an event in Buffalo, New York.
1100 ET EIA weekly Petroleum Status Report.
1100 ET Treasury announces amount of 3-year T-notes (previous $34 billion), 10-year T-notes (previous $26 billion) and 30-year T-bonds (previous $18 billion) to be auctioned Sep 11-13.
GER
0200 ET German Jul factory orders expected +1.8% m/m and +1.9% y/y, Jun -4.0% m/m and -0.8% y/y.
0330 ET German Aug Markit construction PMI, Jul -3.0 to 50.0.
JPN
1930 ET Japan Jul household spending expected -0.9% y/y, Jun -1.2% y/y.
2000 ET Japan Jul labor cash earnings expected +2.4% y/y, Jun +3.3% y/y. Jul real cash earnings expected +1,1% y/y, Jun +2.5% y/y.
Commodity Calendar – Thursday 9/6/2018
Date Time Event Survey Prior
9/6/2018 10:30 EIA Working Natural Gas Implied Flow 31-Aug — 70
9/6/2018 10:30 EIA Natural Gas Storage Change 31-Aug — 70
9/6/2018 11:00 DOE Total Fuel Ethanol Inventory 31-Aug — 23061k
9/6/2018 11:00 DOE Fuel Ethanol Total Production 31-Aug — 1070k
9/6/2018 11:00 DOE U.S. Crude Oil Inventories 31-Aug — -2566k
9/6/2018 11:00 DOE Cushing OK Crude Inventory 31-Aug — 58k
9/6/2018 11:00 DOE U.S. Gasoline Inventories 31-Aug — -1554k
9/6/2018 11:00 DOE U.S. Distillate Inventory 31-Aug — -837k
9/6/2018 11:00 DOE U.S. Refinery Utilization 31-Aug — -1.80%
9/6/2018 11:00 DOE Crude Oil Implied Demand 31-Aug — 18852
9/6/2018 11:00 DOE Gasoline Implied Demand 31-Aug — 10484.1
9/6/2018 11:00 DOE Distillate Implied Demand 31-Aug — 5572.6