Today's economic calendar is packed with significant data releases and central bank speeches, particularly from Europe. Key highlights include Spanish unemployment data, inflation figures from Brazil, and multiple speeches from European Central Bank (ECB) officials. The day also features important economic indicators from Germany and the U.S., including the German 10-Year Bund Auction and ADP Nonfarm Employment Change. Additionally, an OPEC meeting and crude oil inventory data will be closely watched by market participants. The mix of employment, inflation, and central bank communication will provide crucial insights into the current economic landscape and potential policy directions. It's worth noting that China and India are observing holidays today, with China celebrating National Day and India commemorating Mahatma Gandhi Jayanthi. This may impact market activity in these regions.

 

Detailed macro calendar (BST):

08:00 - Spanish Unemployment Change (Sep): 12.1K actual vs 21.9K previous

10:00 - Eurozone Unemployment Rate (Aug): 6.4% forecast vs 6.4% previous

10:30 - German 10-Year Bund Auction

11:00 - OPEC Meeting

13:00 - Brazil Industrial Production (YoY) (Aug): 6.1% forecast

13:15 - U.S. ADP Nonfarm Employment Change (Sep): 124K forecast vs 89K previous

15:30 - U.S. Crude Oil Inventories: -1.500M forecast vs -4.471M previous

15:30 - U.S. Cushing Crude Oil Inventories: 0.116M previous



 

Central bankers' speeches

08:30 - ECB's De Guindos Speaks

10:30 - ECB's Lane Speaks

10:45 - German Buba Vice President Buch Speaks

12:00 - ECB's Elderson Speaks

12:45 - German Buba Balz Speaks

15:00 - BoE MPC Member Pill Speaks

16:00 - FOMC Member Bowman Speaks

17:45 - ECB's Schnabel Speaks