Economic calendar: ADP report and Polish rate decision

07:01 2 October 2019
  • UK construction PMI expected to remain deep in contraction territory

  • ADP to release employment report in the early afternoon

  • 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.

1:15 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

  • 7:30 am BST - ECB’s Villeroy

  • 1:00 pm BST - Fed’s Barkin

  • 2:00 pm BST - Fed’s Harker

  • 3:50 pm BST - Fed’s Williams

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world