Economic Calendar: Light day ahead of services PMI reports tomorrow

Futures in Europe indicate a lower opening
CPI inflation in Switzerland

Futures contracts for major European stock indices indicate a slightly lower opening of today's cash session. This is happening after a weaker Asian session, where indices from China lost up to 3.0% after opening following a longer holiday break.

Today's macro calendar is quite sparse. Investors have a break after yesterday's PMI data for manufacturing and before tomorrow's PMI data for services. The only important reading is the CPI inflation report from Switzerland, which is scheduled to be published at 7:30 AM (BST). Inflation in September is expected to remain low and reach 1.8% YoY, compared to 1.6% YoY the previous month. In the first part of the day, we also learned about the RBA's decision. The Reserve Bank of Australia decided to keep the rates unchanged at 4.10%, in line with expectations.

Detailed calendar of the day:
7:30 AM (BST), Switzerland - CPI inflation for September:

Annual: Expected 1.8% YoY; previously 1.6% YoY
Monthly: Expected 0.0% MoM; previously 0.2% MoM

9:40 PM (BST), US - Weekly oil reserves:

Expected -0.1 million barrels; previously 1.6 million barrels

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Economic reports

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