ORCL Oracle Corp

Monday 9/11

Two megacap software companies release quarterly results. Oracle reports after the closing bell on Monday, and Adobe follows suit on Thursday.

Wednesday 9/13

The Bureau of Labor Statistics releases the consumer price index for August. Economists forecast a 3.6% year-over-year increase, four-tenths of a percentage point more than in July. The core CPI, which excludes volatile food and energy prices, is expected to rise 4.4% following a 4.7% gain previously. The CPI is nearly six percentage points lower than its peak of 9.1% reached in June of 2022.

Thursday 9/14

The European Central Bank announces its monetary-policy decision. Traders are pricing in a one in three chance that the central bank will raise its key short-term interest rate by a quarter of a percentage point to 4%. The ECB has increased the target rate from negative 0.5% to 3.75% in a little more than a year.

The current contract between the United Auto Workers and the Big Three auto makers expires at 11:59 p.m. The UAW has authorized a strike if no contract is agreed upon by the deadline. The current contract covers nearly 150,000 workers, and as of press time, the parties seem far apart.

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(END) Dow Jones Newswires

September 08, 2023 21:45 ET (01:45 GMT)

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