Economic calendar: PMI data take the spotlight

It’s a busy day ahead on the economic calendar, with service sector PMIs and U.S politics and Brexit in focus. September service sector PMIs for Italy, UK and Spain and retail sales figures for the Eurozone will be the key releases of the European session. Apart from that finalized PMIs for France, Germany, and the Eurozone are also due out. Meanwhile September’s ISM Non-Manufacturing PMI and finalized Markit survey service will be on watch during US trading hours. When it comes to newsflow, traders should look out for updates regarding Presidents Trump health condition. Trump was helicoptered to Walter Reed Hospital for treatment for the coronavirus on Friday, but his doctors say he has responded well and could return to the White House on Monday. Also news from Capitol Hill on the COVID-19 relief Bill and Brexit talks could cause some market movements.

 

8:15 am BST – Spain Markit Services PMI (SEP). Expected: 46.3 Previous: 47.7
8:45 am BST – Italy Markit Services PMI (SEP). Expected: 46.6 Previous: 47.1
8:50 am BST – France Markit Services PMI (SEP). Expected: 47.5 Previous: 51.5
8:55 am BST – Germany Markit Services PMI (SEP). Expected: 49.1 Previous: 52.5
9:30 am BST – UK Markit Services PMI (SEP). Expected: 55.1 Previous: 58.8
10:00 am BST  – Eurozone Retail Sales YoY (AUG). Expected: 2.2% Previous: 0.4%
14:45 am BST –US Markit Services PMI Final (SEP). Expected: 54.6 Previous: 55.0
15:00 am BST –US ISM Non-Manufacturing PMI (SEP). Expected: 56.3 Previous: 56.9