Markets are starting Thursday’s session in a mood of cautious optimism. The relative calm in the Strait of Hormuz and the slowdown in the rise in US bond yields have given the stock markets some breathing space, though investors are awaiting this afternoon’s batch of data from the US economy.
Key figures and events of the session (Thursday, 3 September 2026):
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08:30 – 09:00 | Switzerland (CPI & GDP): A key set of figures for the Swiss franc (CHF). We will see the CPI inflation figures for August and the GDP figures for the second quarter, which will shape expectations regarding the SNB’s forthcoming decisions.
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09:15 – 10:30 | Eurozone and the UK (PMI indices for services): A series of final readings from the services sector (Spain, Germany, the Eurozone, the UK). These indices will show whether European services are still holding up well despite the restrictive policies of central banks.
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14:30 | USA & Canada (Jobless claims and trade balance): Weekly data on jobless claims (Jobless Claims) in the US will be the first test for the dollar ahead of tomorrow’s crucial NFP report. In addition, we will see trade balance figures and a speech by C. Waller of the Fed.
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16:00 | USA (ISM Services Index – Event of the Day): Release of the ISM index for the non-manufacturing sector, along with the price and employment sub-indices. This is a key economic indicator that will have a direct impact on volatility in the EUR/USD exchange rate and the S&P 500 and Nasdaq indices.
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16:30 & 21:00 | USA (Gas stocks and the Fed): The EIA’s weekly report on natural gas stocks and an evening speech by B. Hammack of the Fed will round off today’s calendar.
The economic calendar is shown in graph form below:
Daily summary: Muted rebound on Wall Street 🗽 Metals attempt to recover as the U.S. dollar weakens
EIA data points to a decline in U.S. crude oil inventories; OPEC+ decision in focus
📈 Gold rebounds 1.5%
US Open: Falling oil prices calm Wall Street 🗽 Dell and GitLab rise, Palo Alto falls
