The Federal Reserve is heading into its blackout period before next week’s September policy meeting, so investors are shifting their attention to the August Producer Price Index (PPI) and Consumer Price Index (CPI) reports. The European Central Bank is also set to announce its interest rate decision, and President Christine Lagarde is scheduled to speak. On the corporate front, Oracle (ORCL.N) will post earnings after the US market closes on Thursday, and its AI data center spending will likely get plenty of scrutiny.
Monday, September 7: US and Canadian stock markets are closed for the Labor Day holiday.
Thursday, September 10, is packed. At 1:00 am Beijing time, ECB President Lagarde speaks at a dinner hosted by the Bundesbank. At that very time, Apple stages its fall product launch event under the theme “Glowtime.” Then at 8:15 pm, the ECB releases its rate decision, with Lagarde’s press conference coming at 8:30 pm. Also at 8:30 pm, the US publishes initial jobless claims for the week ended September 5, plus August PPI figures, both year-over-year and month-over-month.
Friday, September 11, at 8:30 pm, the US August CPI report lands — headline and core, unadjusted and seasonally adjusted — giving markets fresh input for expectations around the Fed’s next move.
Oracle’s earnings report, expected after the bell on Thursday, could move AI-related stock trading in a big way, since the company has poured heavily into AI data centers as a major cloud provider.