In these turbulent times we must take a step back and look at the economic data that provides a positive backdrop for corporate earnings - the fundamental driver of markets. The flurry of economic data that is being released this week should be watched keenly for its underestimated impact on markets. Aside from the dreary 51.1 ISM number from soft China demand, U.S. economic data remains strong. ADP is up 190k jobs in August, slightly below estimates yet an increase from the prior month and an overall rock solid number.
"Construction spending is through the roof with a huge 13.9 percent year over year increase and productivity is up to 3.3 percent from an original 1.3 percent. Despite yesterday's rout in the market don't rule out a September rate increase, the Fed closely watches economic data, which remains ever solid", says Voya Global.


Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution
Canada and Germany Advance Major LNG Supply Partnership
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 



