U.S. stock and bond markets will be closed on Monday for Labor Day. Investors will return from the long weekend to a busy week of corporate earnings reports and analyst meetings, plus the latest U.S. economic data.
The economic-data highlight of the week will be the Institute for Supply Management’s Services Purchasing Managers’ Index for August on Wednesday. That’s expected to come in roughly even with July’s reading and remain in expansionary territory. Also on Wednesday, the Federal Reserve will release its beige book report on current economic conditions across the U.S.
Wednesday 9/6 Danaher hosts an investor day to discuss Veralto, the spinoff of Danaher’s environmental and applied solutions segment. Danaher expects to complete the spinoff on Sept. 30, with stockholders receiving one share of Veralto for every three shares of Danaher owned. The Bank of Canada announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate unchanged at 5%. The BOC has raised interest rates by a total of 4.75 percentage points since March of last year.
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