Business Calendar: monthly jobs report in focus

STORY: These are the big stories in business and finance to look out for in the week ending September 2.

Monthly U.S. jobs data at the end of the week will test the argument that the world's biggest economy is in solid health.

Those arguing against a recession have been able to point to the strong labor market so far - and early estimates for August also indicate a 290,000 jobs increase.

The flash August consumer price index on Wednesday is likely to show continuing high inflation in the euro area.

That will pile pressure on the European Central Bank to hike rates again, as the continent sweats under soaring gas prices.

China's moribund economy may follow the U.S. and Europe in reporting manufacturing gloom - especially if data due in the coming week shows another monthly contraction.

The Chinese authorities are fighting back with slashed lending rates and steps to strengthen the labor market.

Once again in recent days, one euro became worth less than one U.S. dollar as the currency tumbled to new 20-year lows.

The euro-dollar exchange rate is increasingly correlated with gas prices, with analysts predicting further weakness as Russia continues curtailing its exports.

The U.S. stock market is entering what's been on average its most treacherous month.

Since 1950, the S&P 500 has fallen an average of 0.5% in September, the worst monthly performance for the index.

A number of factors could set investors on edge - including rate hikes, inflation and market volatility.