Good Morning, Traders!
It is Friday the 3rd of November, here is what to look out for today.
Sentiment
Treasuries were little changed across the curve while the dollar and US stock futures edged lower ahead of jobs numbers and ISM services figures later. There are also four Fed speakers scheduled Friday, who may offer clues on the outlook for policy following this week’s pause.
The US payrolls report will be as closely watched as ever following this week’s dovishly-interpreted Federal Reserve meeting and a slew of softer economic data releases, and amid the ongoing volatility in Treasuries
Economists expect 180,000 jobs to be added for October
For more views on what to expect, CLICK HERE
Docket
08:30 ET
US Nonfarm Payrolls
Median Forecast: 180K | Prior: 336K | Range: 235K / 125K
US Unemployment Rate
Median Forecast: 3.8% | Prior: 3.8% | Range: 3.9% / 3.7%
US Average Earnings YoY
Median Forecast: 4% | Prior: 4.2% | Range: 4.3% / 3.8%
Canadian Employment Change
Median Forecast: 25K | Prior: 63.8K | Range: 76.9K / 10K
Canadian Unemployment Rate
Median Forecast: 5.6% | Prior: 5.5% | Range: 5.7% / 5.5%
09:45 ET
US S&P PMI October Final
Services - Median Forecast: 50.9 | Prior: 50.9 | Range: 53 / 50.7
Composite - Median Forecast: | Prior: 51 | Range: /
10:00 ET
US ISM Services PMI for October
Median Forecast: 53 | Prior: 53.6 | Range: 54.3 / 51
Speakers
10:00 ET
Fed's Barkin Speaks on CNBC
12:00 ET
BoE's Haskel speaks on a panel at the Bank of England Watchers’ Conference about ‘Labour market dynamics’.
12:45 ET
Fed's Kashkari participates in a moderated discussion about leadership at the Economic Club of Minnesota.
No text but there will be a Q&A.
15:30 ET
Fed's Barr speaks about the Community Reinvestment Act at a virtual event hosted by the National Community Reinvestment Coalition.
No text but there will be a Q&A.
Fed's Bostic speaks in an interview
Good luck!
