Archives of “September 3, 2021” day

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US monthly nonfarm payroll jobs report due at 1230 GMT – preview

  
Analysis, Economy

At 8.30 am ET on Friday 3 September 2021. Here are the main points expected from the report, compiled by Bloomberg:

  • Change in non-farm payrolls: +725,000 expected and +943,000 in July
  • Unemployment rate, August: 5.2% expected and 5.4% in July
  • Average hourly earnings, month-over-month: 0.3% expected and 0.4% in July
  • Average hourly earnings, year-over-year: 4.0% expected and 4.0% in July

Remarks from JP Morgan (speaking with Yahoo finance)

  • If we were to jump back to 100% of normal school operations, we might get a gain of something like 900,000 jobs in the education sector when that rebound happens. We doubt we’ll get that full bounce back, and we almost certainly won’t get it all in one month
  • So we’re thinking that this month, we might get a boost from the education sector of about 225,000 jobs. And our forecast for the total payroll gain this Friday is 625,000 jobs.
At 8.30 am ET on Friday 3 September 2021. Here are the main points expected from the report, compiled by Bloomberg:

Germany’s DAX index to expand from 30 to 40 stocks – additions to be revealed today

  
  Analysis

Exchange operator Deutsche Boerse to reveal the changes September 3

  • expanded membership of 40 firms, up from 30

Criteria for joining have been tightened:

  • firms will have to publish audited reports
  • show two years of positive earnings
  • have to comply with Germany’s Corporate Governance Code (requires formation of audit committees)
Some of those tipped to join:
  • Airbus
  • Beiersdorf (Nivea creams maker )
  • Zalando (online fashion retailer)
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