In the first week of October, all eyes were on Federal Reserve Chair Jerome Powell's speech, which captured major investor attention. The eurozone inflation report and UK GDP data were also in the mix, but the US labor market report took center stage.
China: The National Bureau of Statistics reported that China's Manufacturing PMI rose to 49.8 in September, up from 49.1 in August. Although still below the 50-point mark that signals expansion, it exceeded analysts' forecasts of 49.4 and hit a five-month high. Despite this, private sector data showed continued weakness in China's manufacturing and consumer sectors. Tuesday
Germany: The German Manufacturing PMI dropped to 40.6 from 42.4, though it came in slightly above the forecast of 40.3.
The Consumer Price Index also hit its lowest point since February 2021, falling to 1.6%.
Eurozone: The eurozone's Manufacturing PMI fell to 45.0 in September, down from 45.8 in August, but still beat expectations of a drop to 44.8.
Wednesday
US: The Markit PMI slipped to 47.3 in September from 47.9, but still exceeded the forecast of 47.0. Meanwhile, the ISM index held steady at 47.2, missing the expected rise to 47.6.
US: The JOLTS report from the US Bureau of Labor Statistics revealed 8.040 million job openings at the end of August, up from 7.771 million in June.
US: The ADP Nonfarm Payrolls report showed the private sector added 143,000 jobs in September, surpassing the forecast of 124,000.
Germany: The Services PMI dropped to 50.6 from 51.2, in line with expectations, while the composite PMI landed at 47.5, slightly above the 47.2 forecast but lower than the previous 48.4.
Eurozone: The Services PMI decreased to 51.4 from 52.9, though it still outperformed the expected 50.5. The composite PMI slipped to 49.6 from 51.0.
US: Jobless claims reached 225,000 last week, exceeding the anticipated 222,000.
Пятница
US: The September Labor Market report is set to be released on Friday, October 4, at 12:30 GMT. Average hourly earnings are projected to increase by 0.3%, down from the previous 0.4%. Nonfarm Payrolls are expected to grow by 144,000, while the unemployment rate is anticipated to hold steady at 4.2%.
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