Investors are currently putting one foot on the accelerator and the other on the brake. The window of opportunity for a resolution in the Middle East conflict has closed again somewhat. Even if the prospect of further talks between Iran and the USA prevents a complete reversal of sentiment, the tension is likely to remain high.
In the new trading week, investors are particularly looking forward to the publication of new US labor market data.
Dow Jones Industrial Average Index 
“JOLTs”, China data and ADP data in focus
On Tuesday, new data on the so-called „JOLTs“ (Job Openings and Labor Turnover Survey) could provide initial clues regarding the job market.
On the night from Tuesday to Wednesday (03:30), economic data from the heart of Germany will come to the fore, such as the NBS Purchasing Managers’ Index (PMI). These data could provide important guidance for Wednesday’s trading.
Usually in the middle of the week, the ADP employment data (14:15) will provide a first taste of the „NFPs“.
Focus on US price data on Wednesday afternoon – Monetary policy impulses conceivable
With the turmoil of the stock market week, new US price data could also decide what is expected for 14:30. The price index for personal consumption expenditures is likely to be closely watched. Economists expect a 0.3 percent increase compared to the previous month (previously: 0.2 percent).
The GDP growth rate (compared to the previous quarter) could also send important signals at the same time. In this case, only a growth of 1.5 percent is expected, after 2.1 percent previously.
With the ISM Purchasing Manager for the manufacturing sector, another potential catalyst is on the agenda on Thursday (16:00).
US job data on Friday: Job creation could weaken significantly compared to the previous month
On the first Friday of the new month, the official US labor market data (Non-Farm Payrolls) will be in the spotlight for investors (14:30). Economists expect a 84,000-unit increase in non-farm jobs this month, after a total of 162,000 new jobs were created in August. According to latest estimates, the unemployment rate could remain at 4.1 percent.
Oil price (West Texas Intermediate)
