George Noorey

ON AIR NOW

George Noorey

12:00am - 2:00am

Contact
Business News


Chinese and U.S. officials are having difficulty agreeing a date for the next round of trade talks after Washington rejected Beijing’s request to delay tariffs that took effect over the weekend. Authorities in the Asian nation said they planned to file a complaint at the World Trade Organization against the U.S. moves. The fallout from the prolonged trade war is biting deeper into global factory production, with manufacturing PMIs from across the world yesterday showing increasing weakness. (Bloomberg)

 

The main event on the data front will be the US non-farm payrolls report Friday. The jobs market remains one of the bright spots of the US economy, at a time when investors are weighing up the broader domestic fallout from Mr Trump’s trade war with China and what that could mean for the Federal Reserve’s interest rate outlook.  Economists polled by Thomson Reuters estimate that non-farm payrolls expanded by 159,000 jobs in August. US job growth hit 164,000 during the prior month, while the labour force participation rate rose to its highest since March. The unemployment rate stands at 3.7 per cent, and economists expect it to hold steady with the August report. (FT)

 

It will be a light week on the earnings front, particularly with Wall Street closed on Monday for the Labour Day holiday.  US tech companies Palo Alto Networks, Slack, CrowdStrike and Zoom Video Communications will publish earnings this week, as will yoga apparel group Lululemon. (Refinitiv)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

Hide Comments

News
Traffic

 

 

  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • NE Revere Avenue between Division Street and NE Lytle Street for railroad crossing repairs, road closure with detours, 9/18/19 - 9/20/19.

 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER