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UK construction PMI expected to remain deep in contraction territory
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ADP to release employment report in the early afternoon
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National Bank of Poland expected to leave rates unchanged
9:30 am BST - UK, Construction PMI for September. The release of UK manufacturing PMI for September showed a bounce but the gauge remained within the contraction territory. Construction PMI dipped to 45 pts in August and is expected to remain on this level in September.
Around 12:00-1:00 pm BST - National Bank of Poland rate decision. Polish zloty lost ground recently as investors are worried about the impact of the EU top court ruling on FX-mortgages scheduled to be announced tomorrow. The National Bank of Poland is expected to leave rates unchanged today but central bankers could offer some forward guidance.
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Create account Try a demo Download mobile app Download mobile app1:15 pm BST - ADP employment report for September. ADP report on employment change is closely watched by investors as it comes just a few days ahead of the key NFP print (Friday, 1:30 pm BST). Market consensus points to an addition of 140k jobs. If confirmed, it would be the worst reading since June.
3:30 pm BST - DOE report on oil inventories. Downward move on the oil market eased after API report released yesterday suggested a decline of 5.9 mb in crude oil stockpiles. Crude could regain some shine in case it is confirmed by today’s government report. Market consensus expects a 1.6 mb build.
Central bankers’ speeches
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7:30 am BST - ECB’s Villeroy
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1:00 pm BST - Fed’s Barkin
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2:00 pm BST - Fed’s Harker
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3:50 pm BST - Fed’s Williams
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