Job openings: Several data points this week will shed light on the state of the US labour market, which represents an important consideration for the Federal Reserve as it deliberates over whether to announce a rate cut later this month. Official data this morning is expected to show that job openings in July fell to 8.1mn from 8.18mn the prior month.
Canada rate decision: The Bank of Canada, the first central bank in the G7 to cut borrowing costs in this cycle, is widely expected to lower its benchmark interest rate for a third consecutive meeting, to 4.25 per cent.
Dollar Tree: Investors will parse the discount chain’s insights into household spending, given rival Dollar General warned last week that American shoppers were running out of money, and several other consumer goods companies have reported that lower-income consumers are tightening their belts. Dollar Tree is expected to report a 21 per cent second-quarter jump in net income to $242.5mn on a modest annual increase in quarterly revenue to $7.5bn.
Factory orders: Manufacturing activity is expected to have ticked up 4.7 per cent in July, after falling 3.3 per cent in June.
Other earnings: Dick’s Sporting Goods will report quarterly results before the opening bell. Hewlett Packard Enterprise will post third-quarter earnings after market close.
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