Friday preview: US non-farm payrolls, UK retail sales in focus

(Sharecast News) - The market spotlight at the end of the week will be squarely on the monthly US non-farm payrolls report.

At 1230 BST, the Department of Labor is expected to announce that the economy generated 75,000 new posts in August, after a reading of 73,000 during the previous month.

Nonetheless, investors will also be watching out against the risk of sharp downside revisions to the payrolls numbers for the previous two months, as occurred with the July report.

All told, Friday's reading would need to come in well above the consensus forecast in order to shift market expectations for interest rate cuts by the Fed.

At last count, Fed funds futures were pricing in 57.4% odds for three 25 basis point interest rate cuts by the Fed before the end of 2025 to reach a target range of 3.50-3.75%.

On home shores, investors will be waiting on readings for retail sales and house prices in July and August, respectively.

In the euro area, the main data point will be a reading on German factory orders covering the month of July.

Friday 05 September

INTERIMS

Camellia

INTERIM DIVIDEND PAYMENT DATE

Avon Technologies , Blackrock Throgmorton Trust, Chemring Group, Inchcape, Jupiter Fund Management

QUARTERLY PAYMENT DATE

Chenavari Toro Income Fund Limited NPV, Greencoat Renewables (CDI), TBC Bank Group

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Factory Orders (GER) (07:00)

Gross Domestic Product (EU) (10:00)

Non-Farm Payrolls (US) (13:30)

Retail Sales (07:00)

Unemployment Rate (US) (13:30)

GMS

Nativo Resources

FINALS

Ashmore Group

EGMS

SDIC Power Holdings Co.,Ltd GDR (Reg S)

AGMS

Berkeley Group Holdings (The), Chariot Limited, Gear4music (Holdings)

UK ECONOMIC ANNOUNCEMENTS

Halifax House Price Index (07:00)

FINAL DIVIDEND PAYMENT DATE

Cake Box Holdings, Northern 2 VCT, Northern 3 VCT, Northern Venture Trust, Volex