Economic calendar: It's all about jobs data

Markets are jittery after yesterday's Wall Street crash
US employment seen rising 1.4 million in August
Canadian unemployment rate seen dropping to 10.2%

Global stock markets are jittery after yesterday's panic sell-off on Wall Street. European stock futures point to a slightly lower opening of today's cash session. German factory orders data for July released at 7:00 am BST failed to shore up sentiment showing 2.8% MoM increase against expected 5% MoM increase. Factory orders were 7.3% lower year-over-year.

Today's calendar is all about jobs data. Reports from the United States and Canada will be released at 1:30 pm BST. US report is on the watch following a lacklustre ADP release on Wednesday. Should official data confirm continued slowdown in labour market recovery, indices could remain under pressure.

1:30 pm BST - US, NFP report for August.

Employment change. Expected: 1400k. Previous: 1763k
Unemployment rate. Expected: 9.8%. Previous: 10.2%
Wage growth. Expected: 4.5% YoY. Previous: 4.8% YoY

1:30 pm BST - Canada, labour market report for August.

Employment change. Expected: 300k. Previous: 418.5k
Unemployment rate. Expected: 10.2%. Previous: 10.9%

6:00 pm BST - US oil rig count. Previous: 180

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Economic reports

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Economic calendar: It's all about jobs data

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