Wednesday brings the latest Fed statement, and it’s definitely worth a closer look. This is the Economic Calendar.
The closely watched German Labour Report for October is up first at 8:55 AM. The unemployment rate remained at the same decades-low level in September.
The final version of Euro Zone Manufacturing PMI for October follows at 9. The initial estimate puts the Index at its highest level in more than two years, noting improvement both in Germany and France.
UK Construction PMI for October is out at 9:30. The Index recovered in September, having spent 3 months in the negative territory.
Coming up next at 12:15 PM GMT is the US ADP Employment Change for October. The September report came in worse than expected, posting the slowest growth since early 2014.
The closely watched Fed Monetary Policy Statement is released at 6 and, once again, the question on everybody’s mind is — will they hike? The policy makers have repeatedly stressed that this indeed is a live meeting, but there have been questions whether they will take this step just ahead of the presidential election.
Australian Performance of Service Index for October comes at 10:30. The Index did recover some ground in September, having plunged to 45 points the previous month, but it remains in the red.
Australian Trade Balance for September is out at half past midnight. Trade deficit narrowed in August as exports inched higher and imports went down.
And Chinese Caixin Services PMI for October is published at 1:45. The Index saw little change in September, and the report did note a cautious optimism among service providers.
I’m Jessica Walker and this was the Economic Calendar for Wednesday, the 2nd of November. Our next Calendar will cover the most important news releases for Thursday, so check back.
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