What to expect after the US Labor Day break

[ExnessOfficial]

A sense of cautious optimism pervades the financial world as US markets prepare to resume trading on September 4th, 2024, following the Labor Day holiday.
The recent economic slowdown in China and the Eurozone, evidenced by weaker-than-expected manufacturing data, has tempered investor enthusiasm. However, the anticipation of a robust US jobs report, expected to be released on Friday, and the upcoming Federal Reserve policy meeting are keeping hopes alive for a potential market rebound.

Three key points to watch on 4 September​

1. The market's initial reaction at the opening bell could provide a valuable glimpse into investor sentiment and set the tone for the day.
2. Monitor volume levels closely, as lower-than-usual volume could amplify price swings and create opportunities for both gains and losses.
3. Pay close attention to any significant economic data releases, particularly those related to the US economy, such as consumer confidence or manufacturing activity.

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