Economic calendar: PMI indices in the spotlight

• All eyes on PMIs from Europe

• Key central bankers speeches

• EIA’s crude oil inventories

Wednesday’s session will be mostly focused on PMI indices for the month of September. Japan has already released its PMIs during Asian session - both Manufacturing and Services gauge came in slightly higher compared to the previous month. In the morning several European countries will publish their PMIs which might determine sentiment during today’s session. Apart from that, one might be interested in several central bankers speeches including Chairman Powell's testimony.

08:15 am BST - France, PMI indices for September (preliminary)

• Manufacturing. Expected: 50.6. Previous: 49.8

• Services. Expected: 51.5. Previous: 51.5

08:30 am BST - Germany, PMI indices for September (preliminary)

• Manufacturing. Expected: 52.5. Previous: 52.2

• Services. Expected: 53.0. Previous: 52.5

09:00 am BST - Eurozone, PMI indices for September (preliminary)

• Manufacturing. Expected: 51.9. Previous: 51.7

• Services. Expected: 50.6. Previous: 50.5

09:30 am BST - UK, PMI indices for September (preliminary)

• Manufacturing. Expected: 54.0. Previous: 55.2

• Services. Expected: 56.0. Previous: 58.8

02:45 pm BST - US, PMI indices for September (preliminary)

• Manufacturing. Expected: 53.5. Previous: 53.1

• Services. Expected: 54.5. Previous: 55.0

03:30 pm BST - EIA’s weekly crude inventories

• Crude oil. Expected: -2.2M. Previous: -4.39M

• Distillate. Expected: 1.0M. Previous: 3.46M

• Gasoline: Expected: -0.6M. Previous: -0.38M

Central bankers speeches: 

• 2:00 pm BST - Fed’s Mester

• 3:00 pm BST - Fed Chairman Powell

• 4:00 pm BST - Fed’s Evans

• 7:00 pm BST - Fed’s Quarles