Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (September 30, 2024)
China Manufacturing & Services PMI (9.30am) – Key sectors for the world's second-largest economy will have an impact on global market sentiment either recovering or keeping investors wary.
TUESDAY (October 1, 2024)
European Inflation Data (5.00 PM) – The preliminary reading of inflation in Europe for September is predicted to record a slight decrease. A more significant difference in numbers will add pressure on the central bank to ease monetary policy.
US Manufacturing PMI ISM Outlook (10.00 PM) – After earlier poor readings, the outlook for the manufacturing sector in America is expected to remain gloomy with unchanged numbers forecast for September.
JOLTS Employment Data (10.00 PM) - The number of job offers that opened last August in America is predicted to be still slow after the decline in figures recorded before.
WEDNESDAY (October 2, 2024)
ADP Employment Data (8.15 PM) – In what will be an early indication of the jobs report, US private sector job growth in September is expected to increase to 124,000 after the previous month's reading was low below the 100,000 mark.
THURSDAY (October 3, 2024)
US Services PMI ISM Survey (10.00 PM) – As a country based on service activity, this data reflects the current health of America as the world's largest economy. The latest survey is predicted to remain stable above the 50 point level.
FRIDAY (October 4, 2024)
NFP Employment Data (8.30pm) – The main focus this week will be on the US jobs report which also serves as a guide for the Federal Reserve in assessing the decision on further monetary policy. Compared to the previous month's report, the latest figures are expected to be little changed for September.
