JOLTs job openings, factory orders data in focus for Wednesday

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Wednesday, September 4, 2024. The spotlight will be on the JOLTs Job Openings report and Factory Orders data, both of which have the potential to influence investor sentiment and Federal Reserve policy expectations.

Major Economic Events to Watch

• 10:00 AM ET – JOLTs Job Openings (Aug): Expected 8.090M, Previous 8.184M. This survey by the US Bureau of Labor Statistics measures job vacancies and provides insights into labor market conditions.

• 10:00 AM ET – Factory Orders (Jul): Forecast 4.6%, Previous -3.3%. This report measures the change in the total value of new purchase orders placed with manufacturers.

Other Important Economic Events to Watch

• 8:30 AM ET – Trade Balance (Jul): Expected -$78.80B, Previous -$73.10B. Measures the difference in value between imported and exported goods and services.

• 8:30 AM ET – Exports (Jul): Previous $265.90B. Provides the total US dollar amount of merchandise exports.

• 8:30 AM ET – Imports (Jul): Previous $339.00B. Measures the value of goods and services brought into the US from other countries.

• 12:00 PM ET – Atlanta Fed GDPNow: Forecast 2.0%, Previous 2.0%. Provides a running estimate of real GDP growth for the current measured quarter.

• 2:00 PM ET – Beige Book. The Federal Reserve’s report on current economic conditions in each of the 12 Federal districts.

• 4:30 PM ET – API Weekly Crude Stock: Previous -3.400M. Reports inventory levels of US , gasoline, and distillates stocks.

Other Economic Events to Watch

• 7:00 AM ET – MBA Mortgage Applications: Previous 0.5%. Measures the change in the number of new mortgage applications.

• 7:00 AM ET – MBA 30-Year Mortgage Rate: Previous 6.44%. Fixed 30-year mortgage lending rates for 80% loan-to-value mortgages.

• 7:00 AM ET – MBA Purchase Index: Previous 131.8. Includes all mortgage applications for the purchase of a single-family home.

• 7:00 AM ET – Mortgage Market Index: Previous 226.9. Covers all mortgage applications during the week.

• 7:00 AM ET – Mortgage Refinance Index: Previous 753.8. Covers all mortgage applications to refinance an existing mortgage.

• 8:55 AM ET – Redbook: Previous 5.0%. Measures year-over-year same-store sales growth in a sample of large US general merchandise retailers.

• 10:00 AM ET – Factory Orders ex Transportation (Jul): Forecast -0.2%, Previous 0.1%. Measures change in new orders excluding the transportation industry.

• 10:00 AM ET – Durables Excluding Defense (Jul): Previous 10.4%. Measures new orders for durable goods excluding defense-related items.

• 10:00 AM ET – Durables Excluding Transport (Jul): Previous -0.2%. Measures new orders for durable goods excluding transportation-related items.

• 10:00 AM ET – Total Vehicle Sales (Aug): Expected 15.40M, Previous 15.80M. Measures the annualized number of new vehicles sold domestically.

For further information and the latest updates, please refer to our Economic Calendar, here

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