Economic calendar: US consumers data from University of Michigan report in focus

Key takeaways

Light calendar as the U.S. shutdown curbs data flow; focus shifts to UoM sentiment.
Canada jobs and Italy IP could sway FX/rates; U.S. inflation expectations seen unchanged.
Fed’s Goolsbee and Musalem may colour near-term rate-cut expectations.

Key takeaways

Light calendar as the U.S. shutdown curbs data flow; focus shifts to UoM sentiment.
Canada jobs and Italy IP could sway FX/rates; U.S. inflation expectations seen unchanged.
Fed’s Goolsbee and Musalem may colour near-term rate-cut expectations.

Today’s macro calendar is relatively light, and the U.S. government shutdown is dragging on, limiting the number of U.S. data releases. Today’s University of Michigan survey should offer a read on how the shutdown and labour-market uncertainty are shaping household sentiment.

Economic calendar

8:00 AM GMT – Italy: Industrial production — expected -0.4% m/m (previous -0.4%).
12:30 PM GMT – Canada: Labour market report
- Unemployment rate: 7.2% expected (previous 7.1%)
- Employment change: +5k expected (previous -65.5k)
- Average hourly wages: 3.6% y/y expected (previous 3.6%)
2 PM GMT – U.S.: University of Michigan (prelim.) consumer sentiment — headline 54 expected (previous 55.1)
- Expectations index: 51.4 expected (previous 51.7)
- Current conditions: 60.0 expected (previous 60.4)
- 5-yr inflation expectations: 3.7% expected (previous 3.7%)
- 1-yr inflation expectations: 4.7% expected (previous 4.7%)

Fed speakers

1:45 PM GMT — Austan Goolsbee
5 PM GMT — Alberto Musalem

10 October 2025, 1:31 PM

BREAKING: USDCAD slips following Canadian employment data 📌

10 October 2025, 9:16 AM

Italian industrial production much weaker than expected 📉

10 October 2025, 7:04 AM

BREAKING: Norwegian CPI slightly higher than expected

10 October 2025, 6:59 AM

Morning wrap (10.10.2025)

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Economic calendar: US consumers data from University of Michigan report in focus

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