Some light data ahead of the US jobs report later today
Happy Friday, everyone! Hope you're all doing well after an action-packed start to November so far. The session ahead promises some light data but as we all know it's all about the ebb and flow in trading right now. Equities sentiment has seemingly shrugged off all of October's worries and focus will slowly start shifting towards the US midterms. Let's hope for some good action ahead of the payrolls later.
0700 GMT - Germany September import prices data
Prior release can be found here. A rough gauge of inflationary pressures in the German economy. Low-tier data as this is a lagging indicator.
0745 GMT - France September budget balance data
Prior release can be found here. The headline measure will be the year-to-date figure but regardless, not a data release that matters all too much.
0815 GMT - Switzerland September retail sales data
Prior report can be found here. Reflects retail sentiment and consumption in the Swiss economy. Not a major release by any means but contributes to economic growth sentiment in the economy.
0815 GMT - Spain October manufacturing PMI
0845 GMT - Italy October manufacturing PMI
0850 GMT - France October final manufacturing PMI
0855 GMT - Germany October final manufacturing PMI
0900 GMT - Eurozone October manufacturing PMI
Final prints for factory activity to come from France, Germany, and Eurozone, as well as fresh readings for Spain and Italy. Given the weak readings we have seen from preliminary estimates from the first three, we all know that factory activity in the region is weak so the prints here aren't likely to provide any more surprises except to confirm the sluggish start to Q4.
0930 GMT - UK October construction PMI
Prior release can be found here. Construction activity in the UK economy has been a bit sluggish this year and expectation is for sentiment to remain that way. Things are not likely to pick up until businesses feel more comfortable about Brexit, so yeah. Either way, not a major release by any means and barring a complete miss on expectations it should have minimal impact on the pound in trading today.
That's all for the session as we prime towards the US jobs report to come at 1230 GMT. I wish you all the best of days to come and as always, good luck with your trading!