Economic calendar: Manufacturing ISM, Powell's speech

European indices set for flat opening
ISM manufacturing expected to remain in contraction zone in September
Speeches from ECB and Fed members, including Fed chair Powell

Futures for major European stock market indices are pointing to either flat or slightly lower opening of today's cash session. This comes after a mixed Asian session that was marked with thin liquidity due to absence of traders from China, South Korea and India. Meanwhile, US index futures trade above Friday's cash closing levels in response to US Congress passing a stopgap funding bill.

Economic calendar for the day ahead is packed with release of manufacturing sector survey data. However, majority of those will be revisions and therefore should not have much of an impact on the market. Nevertheless, US manufacturing ISM at 3:00 pm BST will be watched closely for sure. Apart from that, speeches from central bankers may provide some volatility on the FX market.

8:00 am BST - Poland, manufacturing PMI for September. Expected: 43.7. Previous: 43.1

8:15 am BST - Spain, manufacturing PMI for September. Expected: 46.5. Previous: 46.5

8:30 am BST - Riksbank minutes

8:45 am BST - Italy, manufacturing PMI for September. Expected: 45.6. Previous: 45.4

8:50 am BST - France, manufacturing PMI for September (final). First release: 43.6

8:55 am BST - Germany, manufacturing PMI for September (final). First release: 39.8

9:00 am BST - Euro area, manufacturing PMI for September (final). First release: 43.4

9:30 am BST - UK, manufacturing PMI for September (final). First release: 44.2

10:00 am BST - Euro area, unemployment rate for August. Expected: 6.4%. Previous: 6.4%

2:45 pm BST - US, manufacturing PMI for September (final). First release: 48.9. Previous: 47.9

3:00 pm BST - US, manufacturing ISM for September. Expected: 47.7. Previous: 47.6

3:00 pm BST - US, construction spending for August. Expected: 0.5% MoM. Previous: 0.7% MoM

Central bankers' speeches

8:00 am BST - ECB De Guindos
9:00 am BST - ECB Centeno & ECB De Cos
4:00 pm BST - BoE Mann
4:00 pm BST - Fed Chair Powell & Fed member Harker
6:30 pm BST - Fed Williams

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Economic reports

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Economic calendar: Manufacturing ISM, Powell's speech

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