Key data releases this week include: ISM non-manufacturing (Tue), Federal Reserve beige book (Wed), China foreign reserves (Wed), ECB meeting (Thu), and China trade balance (Thu).
Bloomberg
September 6, 2016
America’s service industries expanded in August at the weakest pace in six years, joining manufacturers in an abrupt slowdown that may signal waning optimism about the economy. The Institute for Supply Management’s non-manufacturing index slumped to 51.4, the lowest since February 2010, from 55.5 in July.
The Bureau of Labor Statistics
September 2, 2016
Total nonfarm payroll employment increased by 151,000 in August, and the unemployment rate remained at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several service-providing industries.
Barron’s
September 5, 2016
Friday’s employment report gave little sign of significant improvement in worker’s lots and, in turn, all but quashed the chance that there would be a rate hike at the September 20-21 meeting of the Federal Open Market Committee.
Reuters
September 1, 2016
Analysts surveyed by Reuters expected China's Purchasing Managers' Index for manufacturing to hold at 49.9 in August. Instead, it rose to 50.4 -- 50 marks the dividing line between expansion and contraction -- thanks partly to a sharp increase in new orders.
Barron’s
September 6, 2016
The S&P 500 has gone 40 sessions, and counting, without so much as a 1% move up or down, an eerie calm that’s already the second longest of this bull run, notes Bespoke Investment Group. Additionally, the stock market has rebounded 19% since February, but it’s up just 2% in 15 months.
Barron’s
September 6, 2016
Thanks to the central bank chiefs of the G-7 nations, the planet is awash in $12.3 trillion of negative yielding bonds, and central banks now hold $25 trillion of financial assets, more than the combined gross domestic product of the U.S. and Japan.
BMO/Barron’s
September 6, 2016
America’s roads, bridges, power grids, and airports are aging, and major infrastructure reform would provide and economic boost in addition to job creation. The likelihood of following through in infrastructure spending is pretty high, given both candidates have made it a top priority.
Deutsche Welle, AP, Reuters
September 1, 2016
IMF Director Christine Lagarde has appealed to G20 leaders preparing for a meeting in China to support forceful economic reform or risk a "low-growth trap" with falling productivity, weakening incentives for investment, faltering demand and high debt. "The political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time," she said.
Reuters
August 29, 2016
Cyberattacks on bitcoin exchanges are common news items, but a Reuters examination reveals the scale of the problem, with one-third of these cyber trading platforms the target of hacking over the past six years and nearly 50% closing. Observers believe the problem may be insoluble due to the nature of the digital world.

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