Highlights
Before the European and US markets open, the Reserve Bank of India is expected to announce its monetary policy decision at 10 a.m. in Mumbai Friday (12:30 a.m. EDT/0430 GMT). The RBI is expected to hold rates steady for a fourth meeting in a row. The bank's Monetary Policy Committee decided unanimously to leave its policy rate unchanged at 6.50 percent at its April, June and August meetings, following a 25-point hike in February, a 35-point rise in December and 50-point increases at the previous three meetings.
Germany's manufacturing orders have been particularly volatile, collapsing 11.7 percent on the month in July that followed a 7.6 percent gain in June. For August, forecasters are calling for a 2.1 percent increase.
In the US, a 160,000 rise is the call for nonfarm payroll growth in September versus 187,000 in August, which was nearly 20,000 higher than expected. Average hourly earnings in September are expected to rise 0.3 percent on the month for a year-over-year rate of 4.3 percent; these would compare with 0.2 and 4.3 percent in August and 0.4 and 4.4 percent in both of the two prior reports.
September's unemployment rate is expected to edge lower to 3.7 percent from August's 3.8 percent which was much higher than Econoday's consensus for 3.5 percent.
US consumer credit is expected to increase $11.7 billion in August versus $10.4 billion in July.
Canada's employment in September is expected to rise 20,000 versus August's 39.900 jump that, for the second time in three months, far surpassed expectations. September's unemployment rate is expected to rise a tenth to 5.6 percent.
Federal Reserve Board Governor Christopher Waller will speak on payments at the Brookings Institution"Making America's Payment System Work for a Digital Currency" event at 12 p.m. EDT (1600 GMT).
Germany's manufacturing orders have been particularly volatile, collapsing 11.7 percent on the month in July that followed a 7.6 percent gain in June. For August, forecasters are calling for a 2.1 percent increase.
In the US, a 160,000 rise is the call for nonfarm payroll growth in September versus 187,000 in August, which was nearly 20,000 higher than expected. Average hourly earnings in September are expected to rise 0.3 percent on the month for a year-over-year rate of 4.3 percent; these would compare with 0.2 and 4.3 percent in August and 0.4 and 4.4 percent in both of the two prior reports.
September's unemployment rate is expected to edge lower to 3.7 percent from August's 3.8 percent which was much higher than Econoday's consensus for 3.5 percent.
US consumer credit is expected to increase $11.7 billion in August versus $10.4 billion in July.
Canada's employment in September is expected to rise 20,000 versus August's 39.900 jump that, for the second time in three months, far surpassed expectations. September's unemployment rate is expected to rise a tenth to 5.6 percent.
Federal Reserve Board Governor Christopher Waller will speak on payments at the Brookings Institution"Making America's Payment System Work for a Digital Currency" event at 12 p.m. EDT (1600 GMT).
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
