The Week Ahead: Jobs Data Highlights The Week
1. Geopolitical Events. On Monday night the RBA announces their latest interest rate decision. On Tuesday Federal Reserve Chicago President Charles Evans speaks from New Zealand, as will Federal Reserve Richmond President Jeffrey Lacker at 8:05 a.m. EDT. On Tuesday the Vice Presidential debate take place in Virginia. On Wednesday Federal Reserve Minneapolis President Neel Kashkari speaks at 9:30 a.m. EDT, and Federal Reserve Richmond President Jeffrey Lacker speaks at 1:00 p.m. EDT. On Friday Federal Reserve Vice Chairman Stanley Fisher speaks at 10:30 a.m. EDT. In addition Federal Reserve Cleveland President Loretta Mester speaks at 12:45 p.m. along with Federal Reserve Kansas City President Esther George at 3:00 p.m. EDT. Friday also marks the annual meetings for the IMF and World Bank.
2. Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and construction spending, ISM Manufacturing, factory orders, nonfarm payrolls and unemployment rate.
3. Earnings Releases. Notable releases include DRI MU MON YUM STZ GPN AYI HELE ISCA.
Monday, October 3:
August Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.3% from 0.0%.
September ISM Manufacturing is also due out at 10:00 a.m. EDT and is expected to rise to 50.5 from 49.4.
Markets are closed in China all week.
Eurozone PMI is due out before markets open and takes on added significance in a post Brexit world.
Overnight The Reserve Bank of Australia (RBA) announces the latest interest rate decision.
Tuesday, October 4:
The Vice Presidential Debate takes place on Tuesday night at 9 p.m. EDT.
Wednesday, October 5:
August Factory Orders are due out at 10:00 am. EDT and are expected to fall -0.1% from 1.9%.
The monthly ADP Payroll Report is due out at 8:15 a.m. EDT.
Thursday, October 6:
The monthly Challenger, Gray & Christmas Job Cuts Survey is due out at 7:45 a.m. EDT.
Friday, October 7:
September Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to rise to 175,000 from 151,000. The unemployment rate is expected to remain at 4.9%.
Federal Reserve Vice Chairman Stanley Fisher speaks at 10:30 a.m. EDT.
The Annual Meeting of The International Monetary Fund (IMF) and World Bank begins and runs through the weekend.