In August, major stock indices like the S&P, NASDAQ, Russell, and Dow, along with gold, had a poor performance, raising concerns of a gloomy September, historically a negative month. However, on Friday, these indices showed some strength.

The upcoming trading week will be shortened due to Labor Day, resulting in lower trading volume. Notable earnings include AI company C3 AI on Wednesday, followed by DocuSign and Kroger on Thursday and Friday, respectively. These earnings releases could impact portfolios.

Two central banks, the Reserve Bank of Australia and the Bank of Canada, are expected to maintain their interest rates this week, which can influence currency markets.

Oil markets are in focus, with OPEC members, particularly Saudi Arabia, making production cuts. Iran, Libya, and Venezuela have exemptions, potentially affecting global oil supply. OPEC Plus, including Russia and Mexico, is discussing production cuts to raise oil prices. Rising demand from China may further impact oil prices, potentially causing fluctuations in the coming months.

Overall, the trading week will be influenced by the holiday, earnings reports, central bank decisions, and ongoing developments in the oil market, which could have broader economic implications. Traders should stay vigilant and monitor these factors to make informed decisions.

For more information, please visit tradingacademy.com