International

As we move closer to the halfway mark for CY24, the U.S. economy has displayed remarkable resilience, with stocks at near all-time highs and the S&P 500 defying forecasts for a slowdown.

U.S. equity markets closed last week registering its first losing week for 2021. While the overall decline was minimal, the weakness was recorded despite the news that President-elect Joe Biden unveiled the details of a US$1.9 trillion coronavirus rescue package and also a positive start to the reporting season.

In the U.S. economic week ahead report, data for the week is likely to signal that the economy is getting better, but pace of improvement is slowing.

The U.S. economic week ahead report for the first week of September covers U.S. factories, trade and jobs, with market commentary.

The Federal Reserve’s two-day monetary-policy meeting will highlight a busy week for economic news, which includes manufacturing data out of China. Also on tap is the first look at second-quarter gross domestic product in the U.S. and Europe.

A summary of US economic data for the week, outlining the expected gains from sales of existing and new U.S. homes, Eurozone reports on consumer confidence data and the Chinese economy.