This will be a light week for economic data. The key report is the July trade balance.
—– Monday, September 4th —–
All US markets will be closed in observance of the Labor Day holiday.
—– Tuesday, September 5th —–
8:00 AM ET: Corelogic House Price index for July
—– Wednesday, September 6th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is for the U.S. trade deficit to be $65.85 billion in July, from $65.5 billion in June.
10:00 AM: the ISM Services Index for August. The consensus is for a reading of 52.6, down from 52.7.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
—– Thursday, September 7th —–
8:30 AM: The initial weekly unemployment claims report will be released.
—– Friday, September 8th —–
12:00 PM: Q2 Flow of Funds Accounts of the United States from the Federal Reserve.