Today's macroeconomic calendar includes several interesting entries. Investors will primarily learn the preliminary PMI reports for October for European countries and the USA. Weekly U.S. jobless claims data will also be released, along with U.S. new home sales data.
The key event will, of course, be the PMI reports. Preliminary data for October will be released for France, Germany, the Eurozone, the UK, and the USA. Expectations point to persistently low manufacturing PMI readings for Eurozone countries and high readings for the services sector. In the UK, both reports are expected to show solid results above the 50-point threshold (manufacturing at 51.4; services at 52.4). U.S. PMI expectations suggest even greater divergence between sectors. The services sector is expected to reach a strong 55 points, while manufacturing is forecast to remain in contraction territory at 47.5.
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08:15 AM BST,ย Franceย -ย PMI Dataย for October:
- HCOB France Services PMI: forecast 49.8; previous 49.6;
- HCOB France Composite PMI: forecast 49.0; previous 48.6;
- HCOB France Manufacturing PMI: forecast 44.9; previous 44.6;
08:30 AM BST,ย Germanyย -ย PMI Dataย for October:
- HCOB Germany Services PMI: forecast 50.6; previous 50.6;
- HCOB Germany Composite PMI: forecast 47.6; previous 47.5;
- HCOB Germany Manufacturing PMI: forecast 40.7; previous 40.6;
09:00 AM BST,ย Euro Zoneย -ย PMI Dataย for October:
- HCOB Eurozone Manufacturing PMI: forecast 45.1; previous 45.0;
- HCOB Eurozone Composite PMI: forecast 49.8; previous 49.6;
- HCOB Eurozone Services PMI: forecast 51.5; previous 51.4;
09:30 AM BST,ย United Kingdomย -ย PMI Dataย for October:
- S&P Global/CIPS UK Services PMI: forecast 52.3; previous 52.4;
- S&P Global/CIPS UK Composite PMI: forecast 52.6; previous 52.6;
- S&P Global/CIPS UK Manufacturing PMI: forecast 51.5; previous 51.5;
01:30 PM BST,ย United Statesย -ย Employment Data:
- Initial Jobless Claims: forecast 243K; previous 241K;
- Continuing Jobless Claims: forecast 1,880K; previous 1,867K;
01:30 PM BST,ย United Statesย -ย Building Permitsย for September:
- forecast -2.9% MoM; previous 4.6% MoM;
- forecast 1.428M; previous 1.470M;
02:00 PM BST,ย United Kingdomย -ย BoE MPC Member Mann Speaks
02:00 PM BST,ย United Kingdomย -ย BoE Deputy Governor Woods Speaks
02:30 PM BST,ย Germanyย -ย German Buba Vice President Buch Speaks
02:45 PM BST,ย United Statesย -ย PMI Dataย for October:
- S&P Global Services PMI: forecast 55.0; previous 55.2;
- S&P Global US Manufacturing PMI: forecast 47.5; previous 47.3;
03:00 PM BST,ย United Statesย -ย New Home Salesย for September:
- previous -4.7% MoM;
- forecast 719K; previous 716K;
04:00 PM BST,ย Euro Zoneย -ย ECB McCaul Speaks
04:20 PM BST,ย United Kingdomย -ย BoE Gov Bailey Speaks
06:00 PM BST,ย Euro Zoneย -ย ECB's Lane Speaks
08:45 PM BST,ย United Kingdomย -ย BoE Gov Bailey Speaks
