Markets Face Quiet Week Ahead, PMI Reports and Costco Earnings in Focus
The upcoming week promises to be relatively quiet in terms of market-moving events, with few catalysts and no major central bank announcements. However, there are a few key releases that could have an impact on global markets.
One of the highlights will be the release of global purchasing manager indices (PMI) reports, which will provide insight into the health and direction of activity across manufacturing and services sectors in major economies. The data is expected to show whether economic growth is accelerating or slowing down.
Another important release will be Australia's labor market report, which could influence the outlook for Australian interest rates. Markets currently assign an 85% probability that the Reserve Bank of Australia will raise its cash rate by 25 basis points to 4.60% at its next meeting on September 29.
Costco is also expected to release its earnings, with forecasted revenue of $94.8 billion for the fourth quarter of 2026 and earnings per share projected to rise by 11.2% to $6.53. The stock's options positioning appears bearish, which could create room for the shares to move higher after the company reports its results.