U.S. stock and bond markets are closed on Monday for Labor Day. Lululemon Athletica and Slack Technologies report earnings on Tuesday once they reopen. Then on Wednesday, Navistar International and Zscaler report, followed by Chewy, Oracle, and Peloton Interactive on Thursday. Finally, Kroger releases results on Friday.
Investors will also be paying attention to monetary policy news from abroad. On Thursday, the European Central Bank announces a monetary-policy decision, with economists forecasting a steady benchmark interest rate at negative 0.5%. On Wednesday, the Bank of Canada is likewise expected to stand pat, holding its target rate at 0.25%.An eighth round of Brexit talks between United Kingdom and European Union negotiators takes place in London.
The Bank of Canada announces its monetary-policy decision. Since cutting its key short-term interest rate three times in March, from 1.75% to a record-low 0.25%, the central bank has stood pat. It is expected to keep rates at this level through at least the end of 2021 to help stabilize the economy, which shrank at an annualized rate of 38.7% in the second quarter.
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