This Week
This is a very important week for economic data, with big-time reports such as ISM Manufacturing and Servicing, ADP Private Payrolls and the Non-Farm Payroll report.
However, this week is all about the new fiscal year for the U.S. and the potential government shutdown tonight. If there is a government shutdown, we may not even get some of the economic releases such as Non-Farm Payrolls since their departments could be closed.
There are no major Treasury auctions this week.
Chicago PMI is this morning and a strong reading may provide some headwinds for bonds. The Senate is supposed to start to taking up Congress’ bill at 2:00EDT and if they do not approve it then we may have some volatility.
What is on the agenda for this week?
| Date |
Time (ET) |
Economic Release |
Market Expects |
Prior |
|
30-Sep |
9:45 AM |
Chicago PMI |
53.7 |
53 |
|
1-Oct |
10:00 AM |
ISM Index |
55.1 |
55.7 |
|
1-Oct |
10:00 AM |
Construction Spending |
0.40% |
0.60% |
|
1-Oct |
2:00 PM |
Auto Sales |
NA |
5.6M |
|
1-Oct |
2:00 PM |
Truck Sales |
NA |
7.0M |
|
2-Oct |
7:00 AM |
MBA Mortgage Index |
NA |
5.50% |
|
2-Oct |
8:15 AM |
ADP Employment Change |
170K |
176K |
|
2-Oct |
10:30 AM |
Crude Inventories |
NA |
2.635M |
|
3-Oct |
7:30 AM |
Challenger Job Cuts |
NA |
56.50% |
|
3-Oct |
8:30 AM |
Initial Claims |
315K |
305K |
|
3-Oct |
8:30 AM |
Continuing Claims |
2825K |
2823K |
|
3-Oct |
10:00 AM |
Factory Orders |
0.30% |
-2.40% |
|
3-Oct |
10:00 AM |
ISM Services |
57.4 |
58.6 |
|
3-Oct |
10:30 AM |
Natural Gas Inventories |
NA |
87 bcf |
|
4-Oct |
8:30 AM |
Nonfarm Payrolls |
183K |
169K |
|
4-Oct |
8:30 AM |
Nonfarm Private Payrolls |
180K |
152K |
|
4-Oct |
8:30 AM |
Unemployment Rate |
7.30% |
7.30% |
|
4-Oct |
8:30 AM |
Hourly Earnings |
0.20% |
0.20% |
|
4-Oct |
8:30 AM |
Average Workweek |
34.5 |
34.5 |