Thursday brings a number of known market movers, so let’s take a closer look with the Economic Calendar.
Japanese markets will be closed as Culture Day is observed, but the rest of the world remains busy.
European Central Bank will publish its latest Economic Bulletin at 9 AM. The previous Bulletin noted the Euro Zone economy remains resilient but it does face some downside risks.
UK Services PMI for October follows half an hour later. The Index eased in September, but it remains near the 5-month high it reached in August.
Euro Zone Unemployment Rate for September is out at 10. The rate has stood unchanged for the past 4 months, stubbornly refusing to move below double digits.
The Bank of England will release its closely watched Monetary Policy Statement at noon, along with the Inflation Report. There was previously some uncertainty whether Governor Mark Carney will remain in his position, but he has now settled the issue, stating he would like to stay until June 2019.
The high importance weekly update on US Jobless Claims is scheduled at 12:30 PM GMT. Initial claims went down by 3 thousand during the week ending October 22 whereas the continuing claims dropped by 15 thousand during the week ending October 15.
US Third Quarter Preliminary Non-Farm Productivity comes at the same time. Productivity has been decreasing for the past 3 quarters, but this release is expected to show some growth.
Another likely market mover, the US ISM Non-Manufacturing Index for October, follows at 2. The Index came in much better than expected in September, soaring to its highest level since late 2015.
There’s a break in the schedule until half past midnight, when Reserve Bank of Australia releases its latest Statement on Monetary Policy. This is a high importance release for Aussie Dollar traders as it explains the Bank’s policies and outlook.
Australian Retail Sales for September are out at this time as well. Sales returned to growth in August, having stood unchanged the previous month.
And Japanese Services PMI for October is released at the same time. The Index continued to decline in September, reaching its lowest level in more than 2 years.
And all the Loonie Dollar traders may want to tune in at 35 minutes past midnight, when Bank of Canada Governor Stephen Poloz will be speaking at the Oshawa Walk of Fame.
So these are the news releases to watch on Thursday, the 3rd of November. I’m Celeste Skinner and we’ll be back with the next overview of news releases for Friday. See you then.
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