August 3, 2021 Headlines

Continued positive momentum on the earnings front is boosting equity futures in early trading this morning despite fresh worries of Chinese government crackdowns on private industries (this time gaming and technology). The final estimate of June durable goods orders will be released later this morning, as will June factory orders data. Fed Governor Michelle Bowman will be speaking later today.

Jason Haley
Chief Investment Officer

Date Event Surv(M) Actual Prior Revised
08/02/21 Markit US Manufacturing PMI 63.1 63.4 63.1 —
08/02/21 Construction Spending MoM 0.40% 0.10% -0.30% -0.20%
08/02/21 ISM Manufacturing 61 59.5 60.6 —
08/02/21 ISM Prices Paid 89 85.7 92.1 —
08/02/21 ISM New Orders 64.2 64.9 66 —
08/02/21 ISM Employment 51.7 52.9 49.9 —
08/03/21 Factory Orders 1.00% — 1.70% —
08/03/21 Factory Orders Ex Trans — — 0.70% —
08/03/21 Durable Goods Orders 0.80% — 0.80% —
08/03/21 Durables Ex Transportation 0.30% — 0.30% —
08/03/21 Cap Goods Orders Nondef Ex Air — — 0.50% —
08/03/21 Cap Goods Ship Nondef Ex Air — — 0.60% —
08/03/21 Wards Total Vehicle Sales 15.10m — 15.36m —
08/04/21 MBA Mortgage Applications — — 5.70% —
08/04/21 ADP Employment Change 683k — 692k —
08/04/21 Markit US Services PMI 59.8 — 59.8 —
08/04/21 Markit US Composite PMI — — 59.7 —
08/04/21 ISM Services Index 60.5 — 60.1 —
08/05/21 Challenger Job Cuts YoY — — -88.00% —
08/05/21 Trade Balance -$74.0b — -$71.2b —
08/05/21 Initial Jobless Claims 383k — 400k —
08/05/21 Continuing Claims 3259k — 3269k —
08/05/21 Langer Consumer Comfort — — 53.2 —
08/06/21 Change in Nonfarm Payrolls 875k — 850k —
08/06/21 Two-Month Payroll Net Revision — — 15k —
08/06/21 Change in Private Payrolls 720k — 662k —
08/06/21 Change in Manufact. Payrolls 30k — 15k —
08/06/21 Unemployment Rate 5.70% — 5.90% —
08/06/21 Average Hourly Earnings MoM 0.30% — 0.30% —
08/06/21 Average Hourly Earnings YoY 3.90% — 3.60% —
08/06/21 Average Weekly Hours All Employees 34.7 — 34.7 —
08/06/21 Labor Force Participation Rate 61.70% — 61.60% —
08/06/21 Underemployment Rate — — 9.80% —
08/06/21 Wholesale Trade Sales MoM — — 0.80% —
08/06/21 Wholesale Inventories MoM 0.80% — 0.80% —
08/06/21 Consumer Credit $23.000b — $35.281b —

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