Investors will watch Micron’s Wednesday results for signs of continued AI-related memory demand and Friday’s US jobs report. Economists expect 100,000 September jobs added, after August’s 162,000; August PCE inflation, the Fed’s preferred measure, is due Wednesday.
September payroll forecasts vary: BNP Paribas expects 90,000 jobs added, while Bank of America forecasts 60,000, citing a possible reversal of unusually favorable August seasonal factors. The University of Michigan’s consumer-sentiment reading fell to 48.1 in September from 51.7 in August, with personal-finance expectations down about 10%.
Bessent said the US-China trade truce would last until Jan. 10, 2027, a two-month extension; China had not immediately confirmed it. Trump’s team is considering new 7.5% tariffs on China over overcapacity but delayed moving ahead until after this week’s meeting, possibly until after the midterm elections.
