This Week’s Economic Calendar – Everything You Need to Know

Here are the main events for the upcoming week:

Sunday

• Japan Tankan Large Manufacturers Index  for Q3 will be published at 23:50 GMT. Figure is expected to rise to 7 from 6 in the previous quarter.M

Monday

• UK PMI will be published at 8:30 GMT and expected to weaken slightly to 52.1 from 53.3.
• September US ISM Manufacturing will be released at 14:00 GMT and forecast to show improvement with index rise to 52 from 49.4 in August.

Tuesday

• Reserve Bank of Australia Interest Rate Decision will be released at 3:30 GMT. The Australian central bank is expected to hold interest rate unchanged at 1.5%. Market will be watching for future policy plans.
• Japan Consumer Confidence will be released at 5:00 GMT and expected to rise slightly to 42.3 from 42 in the previous month.
• September UK Construction PMI will be released at 8:30 GMT. Data is forecast to show further improvement rising to 50.5 from 49.2 in August.
• ECB Non Monetary Policy Meeting will take action in Frankfurt and can provide more information of ECB stimulus policy.

Wednesday

• Australia Retail Sales will be published at 00:30 GMT and expected to rise 0.2% compare to 0.0% the previous month.
• US ADP Employment will be published at 12:15 GMT. The report is expected to show growth of 170K compare to 168K in the previous month. Data will be monitored closely by markets as nonfarm payrolls will be released two days after and can provide information about US economic growth.
• Canada Trade Balance will be published at 12:30 GMT. Canadian deficit is expected to remain unchanged at -C$2.5B.
• US Trade Balance will be released at 12:30 GMT and deficit is expected to hold steady at -$40B.
• US ISM Non Manufacturing data will be released at 14:00 GMT and expected to improve to 53 from 51.4.

Thursday

• Australia Trade Balance will be published at 00:30 GMT.Forecast to narrow to -$2.1B from -$2.4B in the previous month.

Friday

• UK Trade Balance and Manufacturing Production will be published at 8:30 GMT. UK deficit is expected to narrow to 3.1B from 4.5B. Manufacturing data is expeted to rise by 0.5% compare to a decrease of 0.9% in July.
• US Non Farm Payrolls – The big event of the week will be published at 12:30 GMT. After disappointing data last month with 126K, the forecast 170K new jobs have been created this month. Investors will analyse the data to predict December rate hike chances.
• Canada Employment Rate & Employment Change will be published at 12:30 GMT. Employment Rate is expected to remain unchanged at 7.0% while 2200 new jobs were added compared to 26,200 a month earlier.

Check out our real-time Economic Calendar