“There is an air of optimism surrounding the U.S economy right now. I would even go as far as to say that they are striding along with an air of arrogance. And why not, looking at their peers in Europe who are struggling to pick up their feet given their geo-political ties, they are well and truly on the way to a full recovery.
The non- farm payrolls report will not only be watched closely for further clues on the suggested strength of the economy, but also the outlook for the Federal Reserve’s monetary stimulus.
There are certainly some hawkish comments suggesting a rate rise could happen sooner than expected as the economy trundles forward; however with a dovish Janet Yellen at the helm, there will be no rush.
Non- farm payrolls for August are expected at 230K, up from July’s number of 209K.”
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Alibaba- The biggest IPO ever?
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Rumour has it that the world’s biggest e-commerce firm could launch its initial public offering early in the week beginning September 8th.
Analysts are valuing Alibaba up to a staggering $200bn and it has been suggested that it could raise $20bn, making it even bigger than Facebook’s IPO.