Economic calendar: US NFP in the spotlight

 

It’s a busy day ahead on the economic calendar. NFP report release is a big event of the day (1:30 pm BST) and is likely to impact FX pairs and stocks. It is expected to show the US unemployment rate rising to 8.2% in September. Other stats include prelim Eurozone inflation figures and set of data from the US - wage growth, factory orders, and finalized consumer sentiment figures, though likely to have a muted impact on the markets. Apart from that, sentiment is likely to be driven by US politics and talks over the next stimulus bill. US House passed a $2.2 trillion virus relief plan on Thursday, despite Democrats and Republicans were divided on key items in the legislation. However, the bill faces considerable opposition from Republican-held Senate. Also updates regarding Presidents Trump health condition and news from Brexit talks in Brussels could cause some market movements.

 

10:00 am BST – Eurozone Core Inflation Rate YoY Flash (SEP). Expected: 0.5% Previous: 0.4%
1:30 pm BST – US Non Farm Payrolls (SEP). Expected: 850k. Previous: 1371k
1:30 pm BST – US Unemployment Rate (SEP). Expected: 8.2%. Previous: 8.4%
1:30 pm BST – US Average Hourly Earnings MoM (SEP). Expected: 0.2%. Previous: 0.4%
1:30 pm BST – US Average Hourly Earnings YoY (SEP). Expected: 4.8%. Previous: 4.7%
1:30 pm BST – US Nonfarm Payrolls Private (SEP). Expected: 850K. Previous: 1027K
3:00 pm BST – US Michigan Consumer Sentiment Final (SEP). Expected: 79. Previous: 74.1
3:00 pm BST – US Factory Orders MoM (AUG). Expected: 1%. Previous: 6.4%