Outlook for next week!
Next week, there are many notable indicators for US stocks, but we are focusing on the manufacturing and non-manufacturing indices of the ISM. What is currently supporting US stocks is the strength of the economy. Although the economy is slowing down, the economy is strong! This is what is attracting investment capital to the USA. The most important indicator now is how the officials of each company feel.
On the other hand, employment data may not be so important. Of course, the Federal Reserve will also be paying attention, and if the actual results deviate significantly from the estimates, stock prices will move. However, the historically low unemployment rate is not likely to change drastically. There hasn't been news of layoffs as in January of this year. Employment should be stable.
The ISM Manufacturing Purchasing Managers' Index on Monday is expected to be 47.7 and continues to show a contraction trend below 50, but as it is showing signs of a turnaround from the previous bottom, if it becomes two consecutive months, it is expected to boost the market.
Next week's earnings and economic calendar (10/2~10/6) Will the headwind continue for stocks as concerns rise about rising US interest rates?
The ISM Manufacturing Purchasing Managers' Index on Monday is expected to be 47.7 and continues to show a contraction trend below 50, but as it is showing signs of a turnaround from the previous bottom, if it becomes two consecutive months, it is expected to boost the market.
Next week's earnings and economic calendar (10/2~10/6) Will the headwind continue for stocks as concerns rise about rising US interest rates?
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