{"id":5745,"date":"2023-10-02T06:09:45","date_gmt":"2023-10-02T06:09:45","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5745"},"modified":"2023-10-02T06:09:45","modified_gmt":"2023-10-02T06:09:45","slug":"weekly-overview-2023-10-02-4","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/uncategorized\/weekly-overview-2023-10-02-4\/","title":{"rendered":"Week’s main events (October 02 – October 06)"},"content":{"rendered":"\r\n
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Week’s main events (October 02 – October 06)<\/h1>\r\n
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\r\nThe main events this week will be data on the labor market (Nonfarm Payrolls) in the United States. The report will show whether the Fed’s series of aggressive rate hikes is having an impact on the labor market. Economists expect the economy to have added 163,000 jobs last month, slowing slightly from 187,000 in August. A stronger-than-expected reading could underline the Fed’s 'higher for longer’ stance, weighing on markets. The central banks of Australia and New Zealand will hold regular meetings. Both banks are expected to leave rates unchanged. It should also be noted that The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are scheduled to meet on Wednesday to agree on production quotas for November and December. Also, several Fed and ECB policymakers are scheduled to speak this week, including Fed Chief Jerome Powell and ECB President Kristine Lagarde. There will be a lot of macroeconomic statistics on manufacturing and services PMI data, which will give an indication of global economic trends in key economies. \r\n\r\n <\/p>\r\n\r\n\r\n\r\n\r\n\r\n

\r\n Monday, October 02\r\n <\/div>\r\n
\r\nOn Monday, traders will mainly focus on the Manufacturing PMI data from different countries. It is expected that the PMI index in European countries will not show significant growth and will remain in contraction territory. Also, several FOMC officials, including US Federal Reserve Chairman Jerome Powell, will participate in a roundtable discussion with business representatives. It’s a bank holiday in Australia and China. \r\n\r\n <\/div>\r\n\r\n
\r\n Main events of the day:\r\n <\/div>\r\n\r\n