As the nation gets back to work following the unofficial end of summer, the market-moving news for the week will revolve around speeches by President Obama on taxes and the economy, following sneak previews presented in his weekly radio address and a Labor Day speech in Milwaukee, in which he called for a $50 billion investment in transportation infrastructure, to be paid for by public and private funds. The Financial Crisis Inquiry Committee holds hearings in the West, Mary Schapiro speaks in New York, several foreign central banks hold interest rate meetings, and we hear about trade numbers for July. Finally, Michelle Obama and Laura Bush are guests of honor at a ceremony in Shanksville, Pennsylvania, marking the ninth anniversary of the September 11 terror attacks at the Flight 93 memorial.
On Tuesday, September 7, SEC Chairman Mary Schapiro speaks at the Economic Club of New York, while the Financial Crisis Inquiry Committee (FCIC) holds the first of two Western hearings on the impact of the crisis on the Bakersfield, California region.
Euro-zone finance ministers are expected to approve the next installment of bailout funds for Greece on the same day, while the Basel Committee meets on bank capital rules.