Large slate of PMI figures out today.
The UK, US and Eurozone will all release services PMI figures today. In what is shaping to be an important day for the EUR they will also release retail sales figures.
GBP (British Pound): The GBP has its only major release of the week with services and composite PMI being released this morning. This will help capture the condition of sales and employment within these sectors.
EUR (Euro): The Euro has a big day ahead beginning with a slate of PMI releases for the Eurozone. They will be looking for a good reading on these figures to show they are moving away from a possible recession.
After this we have the release of Eurozone Retail sales figures which reflects the trends of consumer spending across the Eurozone. Between both of these releases we have speeches from ECB president Lagarde where investors will hope to find direction of the future of the EUR.
USD (United States Dollar): The USD also has services PMI being released today and will look to these figures to continue its economic recovery. The USD will look to put itself in a good position ahead of Non-farm payroll release on Friday.
Also today before the Non-farm payrolls is the ADP employment change figures which often provide an early indicator of the non-farm payroll figures.
Economic Calendar
| Expected | Previous | ||
|---|---|---|---|
| 09:00 | EUR HCOB Composite PMI(Sep) | 47.1 | 47.1 |
| 09:30 | EUR ECB's President Lagarde speech | ||
| 09:30 | GBP S&P Global/CIPS Composite PMI(Sep) | 46.8 | 46.8 |
| 10:00 | EUR Retail Sales (YoY)(Aug) | -1.2% | -1% |
| 13:15 | USD ADP Employment Change(Sep) | 153K | 177K |
| 15:00 | USD ISM Services PMI(Sep) | 53.6 | 54.5 |
| 17:00 | EUR ECB's President Lagarde speech |