Then, of course, there's the speech by the most powerful man in the world: Mario Draghi, who will unveil the ECB's new bond buying scheme.
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First note that there are three big datapoints coming up in the US.
Nomura has a preview:
ADP: Based on our expectation for the August employment report, we expect ADP to announce that 115k in net new private sector jobs were created in August (Consensus: 143k).
Initial jobless claims: The trend in jobless claims has largely moved sideways outside of the volatile period of auto factory shutdowns, the timing of which affected the June and July claims data. The level of claims suggests moderate job growth continued in August. Consensus expectation is for claims in the week ending 1 September at 370k compared with 374k in the prior week.
ISM non-manufacturing: Private services employment and retail sales strengthened in July, but measures of confidence remained weak in August. These factors point to a nearly unchanged reading in the ISM non-manufacturing index of 52.5 in August (Consensus: 52.5).
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