Today's economic calendar is packed with significant data releases and central bank speeches, particularly from Europe and the United States. Key highlights include the U.S. Nonfarm Payrolls report, UK Construction PMI, and multiple speeches from European Central Bank (ECB) officials. The day also features important economic indicators from Germany and Russia. Additionally, U.S. Baker Hughes rig count data will be closely watched by market participants. The mix of employment, construction activity, and central bank communication will provide crucial insights into the current economic landscape and potential policy directions. It's worth noting that China is observing National Day today, which may impact market activity in the region.

 

Economic Data Releases (BST):

09:30 - UK S&P Global/CIPS Construction PMI (Sep): 53.1 actual vs 53.6 forecast

13:30 - U.S. Average Hourly Earnings (YoY) (Sep): 3.8% forecast

13:30 - U.S. Average Hourly Earnings (MoM) (Sep): 0.3% actual vs 0.4% forecast

13:30 - U.S. Nonfarm Payrolls (Sep): 147K actual vs 142K forecast

13:30 - U.S. Participation Rate (Sep): 62.7% forecast

13:30 - U.S. Private Nonfarm Payrolls (Sep): 125K actual vs 118K forecast

13:30 - U.S. U6 Unemployment Rate (Sep): 7.9% forecast

13:30 - U.S. Unemployment Rate (Sep): 4.2% actual vs 4.2% forecast

15:00 - Canada Ivey PMI (Sep): 50.3 actual vs 48.2 forecast

18:00 - U.S. Baker Hughes Oil Rig Count: 484 forecast

18:00 - U.S. Baker Hughes Total Rig Count: 587 forecast

20:30 - CFTC Speculative Net Positions for various assets

 

Central Bankers' Speeches:

  • BoE MPC Member Pill (08:55 BST)
  • German Buba Vice President Buch (09:00 BST)
  • ECB's De Guindos (11:00 BST)
  • FOMC Member Williams (14:00 BST)
  • ECB's Elderson (14:10 BST)