We just entered a new month, thus one of the spotlights of the week will be as expected the U.S. NFP report on Friday. Another event that will be closely eyed by investors, is the policy meeting of the RBA, as well as the ECB monetary policy meeting accounts, coming out on Thursday.
The week begins with the final Markit manufacturing PMIs for various countries, including Germany, U.K., U.S. and Euro area as a whole. No changes are expected from the previous estimates of 58.2 in Euro area and 60.6 in Germany. On the other hand, the British factory orders are expected to show a slower pace of growth of 56.4 against 56.9 in August. The unemployment in the Euro area is anticipated to fall to 9.0% in August from 9.1% before. The ISM manufacturing PMI will be closely watched before the NFP report on Friday. The market consensus suggests the index to drop at 58.0 in September against 58.8 before.
The Bank of Canada will publish its Business Outlook survey, while at 18:00 GMT, FOMC Member Robert Kaplan. The Reserve Bank of Australia will release its interest rate decision at 03:30, after midnight. They are highly anticipated to keep their rates unchanged at 1.5%, though the rate statement will be closely eyed.
Read the full financial markets weekly outlook on JFD Research.