Monday Market Must-Knows: October 2, 2023
Will unemployment rates finally start declining?
In the upcoming trading week, here's what you need to know:
Earnings Calendar: It's a light week for earnings with 51 companies reporting, including McCormick and Company, Q Brands, Tilley, Constellation Brands, Rite Aid, Lamb Weston, ConAgra Brands, and Levi's. This week is the last week of earnings before the next season.
Central Banks: Keep an eye on central banks, especially the US Federal Reserve. The Reserve Bank of Australia is expected to keep rates at 4.1%, and the Reserve Bank of New Zealand at 5.5%.
US Employment Data: Look out for JOLT Job Openings, ADP Non-Farm Employment Change, Unemployment Claims, and the Unemployment Rate. The unemployment rate has been rising and is expected to drop slightly to 3.7%.
Government Shutdown: There's uncertainty surrounding a potential government shutdown, which could lead to increased market volatility.
Be cautious, stay informed, and be prepared for potential market fluctuations, especially in light of whether Congress will continue to fund the government.
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