BlockBeats News, August 30th – Next week, the market will see the release of the US non-farm payroll report, the G20 Finance Ministers and Central Bank Governors Meeting, and the Fed's Beige Book. Among them, the US August employment report released on Friday will be the last non-farm data before the September 16th Fed interest rate meeting, serving as a key point to test the September rate hike expectations.

A Reuters survey shows that the market expects the US non-farm payroll to increase by 58,000 in August, with the unemployment rate remaining at 4.1% and average hourly earnings rising by 0.2% month-on-month. If the employment data continues to weaken, the market may reassess the urgency of a September rate hike; if the data shows that the labor market remains resilient, rate hike expectations may be further solidified. Currently, market pricing indicates that the probability of a September rate hike by the Fed has risen to nearly 60%, with the probability of a rate hike before December exceeding 90%.

Additionally, the G20 Finance Ministers and Central Bank Governors Meeting will take place from Monday to Tuesday in Asheville, North Carolina, USA. This is another major appearance of global central bank governors after the Jackson Hole Symposium, and statements from various parties regarding inflation and monetary policy are worth noting. The Fed will also release its last Beige Book before the September interest rate meeting. In summary, the key macro events next week are as follows:

Monday to Tuesday, G20 Finance Ministers and Central Bank Governors Meeting;

Tuesday 21:45, the US will release the final value of the August S&P Global Manufacturing PMI; 22:00, the US will release the August ISM Manufacturing PMI;

Wednesday 20:15, the US will release the August ADP Employment Change; 21:45, the Bank of Canada will announce its interest rate decision, with the market expecting it to hold the rate at 2.25%;

Thursday 02:00, the Fed will release the Beige Book; 20:30, the US will release Initial Jobless Claims, and Fed Governor Waller will give an interview; 22:00, the US will release the August ISM Non-Manufacturing PMI;

Friday 03:00, FOMC Voter and Cleveland Fed President Mester will speak; 20:30, the US will release the August non-farm payrolls and unemployment rate.

On the earnings front, Dell will announce its second-quarter results after the US market closes on Tuesday, with the market expecting its adjusted earnings per share to be $4.91; Broadcom will announce its fiscal third-quarter 2026 results after the US market closes on Wednesday, with the market expecting revenue of around $29.4 billion and earnings per share of $3.24. The performance and guidance of these two companies will further test the demand for AI servers, custom chips, and networking equipment.