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):
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Open account Try demo Download mobile app Download mobile app08:00 - 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
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