U.S. stock and bond markets are closed on Monday for Labor Day. Lululemon Athletica and Slack Technologies report earnings on Tuesday once they reopen. Then on Wednesday, Navistar International and Zscaler report, followed by Chewy, Oracle, and Peloton Interactive on Thursday. Finally, Kroger releases results on Friday.
The economic data highlights this week include a pair of inflation measures. On Thursday, the Bureau of Labor Statistics reports the Producer Price Index for August. Excluding volatile food and energy components, it’s expected to have risen 0.2% after climbing 0.5% in July. The core Consumer Price Index for August, out Friday, is predicted to have jumped 1.5%, similar to July’s rise.
Investors will also be paying attention to monetary policy news from abroad. On Thursday, the European Central Bank announces a monetary-policy decision, with economists forecasting a steady benchmark interest rate at negative 0.5%. On Wednesday, the Bank of Canada is likewise expected to stand pat, holding its target rate at 0.25%. READ MORE