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European indices set to open lower
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NFP report expected to show a 450k jobs gain
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Canadian jobs report due at 12:30 pm GMT
Futures markets point to a slightly lower opening for major indices from the Old Continent. Downbeat moods dominated during the Asian session with most blue chips indices from the region finishing today's trading lower. Risk-off moods can also be spotted on the FX market, where JPY and CHF lead while AUD and NZD lag.
Economic calendar for the European morning is almost empty. Retail sales data for September from the euro area will be released at 10:00 am GMT but this reading rarely has a big impact on the market. However, things get more interesting in the early afternoon with release of jobs reports from the United States and Canada. API report pointed to an over half a million jobs gain in the United States in October. Market consensus expects wage growth to accelerate to 4.9% YoY. Canadian report is expected to show a small 50k jobs gain and drop in unemployment rate from 6.9 to 6.8%. Speeches from BoE members will also be watch closely by GBP traders following yesterday's surprising decision to leave rates unchanged.
10:00 am GMT - Euro area, retail sales for September. Expected: 1.5% YoY. Previous: 0.0% YoY
12:30 pm GMT - US, NFP report for October.
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Non-farm payrolls. Expected: 450k. Previous: 194k
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Wage growth. Expected: 4.9% YoY. Previous: 4.6% YoY
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Unemployment rate. Expected: 4.7%. Previous: 4.8% YoY
12:30 pm GMT - Canada, jobs market report for October.
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Employment change. Expected: 50k. Previous: 157.1k
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Unemployment rate. Expected: 6.8%. Previous: 6.9%
2:00 pm GMT - Canada, Ivey PMI for October. Expected: 71.2. Previous: 70.4
Central bankers' speeches
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12:15 pm GMT - BoE Ramsden and Pill
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1:00 pm GMT - BoE Tenreyro
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1:30 pm GMT - Fed George
US earnings releases
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Dominion Energy (D.US) - before market open
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DraftKings (DKNG.US) - before market open
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AMC Networks (AMCX.US) - before market open
