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All Eyes on Employment, GDP Data Next Week

Consumer confidence data will also be in focus

Digital Content Manager
Sep 24, 2020 at 2:18 PM
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Though the last days of September will be quiet, investors will have plenty of economic action to unpack by the time it's October. Employment, real estate, and consumer confidence data, as well as the most recent gross domestic product (GDP) reading, will be the center of attention. However, manufacturing and crude oil inventory data are on tap too, in addition to the Purchasing Managers' Index (PMI) results. And while the real heat of earnings season is still a week or so away, United Natural Foods (UNFI), McCormick & Company (MKC) and PepsiCo (PEP) will step up to the plate.

Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

The week kicks off on Monday, September 28 with no notable economic data, and only UNFI will report earnings.

On Tuesday, September 29, the economic calendar kicks into high gear with the S&P CoreLogic Case-Shiller home-price index and consumer confidence data set to roll in. IHS Markit (INFO) and MKC step into the earnings confessional.

On Wednesday, September 30, investors' attention will shift to the Automatic Data Processing (ADP) national employment report, as well as the latest GDP reading. On top of that, the PMI also comes out, accompanied by pending home sales and crude oil inventories data. There are no notable earnings reports on deck.

By Thursday, October 1, manufacturing data from the the Institute for Supply Management (ISM) will be released, in addition to core personal consumption expenditure data. Earnings from Bed, Bath & Beyond (BBBY), Conagra (CAG), Constellation Brands (STZ) and PEP are due out.

And finally on Friday, October 2, all eyes will be on the unemployment rate update, as well as nonfarm payrolls data. There are no notable earnings reports expected that day.

 

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