China firmly opposes EU EV tariffs calls them unfair and WTO rule violationsChina urges EU to delay EV tariffs and avoid trade tensionsECB’s De Guindos says inflation to near 2% by 2025 but too early for victory lapsEU Moves Forward with Tariffs on Chinese EVs Following Member VoteObama to campaign for Harris in final month before electionUS and South Korea reach tentative agreement on defense cost-sharing planEU countries fail to reach consensus on Chinese EV tariffs leaving decision to CommissionIran leader Khamenei says they will not delay nor rush to respond to IsraelNHC says Hurricane Kirk remains powerful and big swells to reach US East Coast by SundaySentiment trading fairly stable ahead of today’s NFPGoldman Sachs lifts Turkey inflation forecast to 44% and delays rate cut to JanBoE’s Pill: Interest rates have minimal impact on UK business investmentUK September construction PMI 57.2 vs 53.3 expectedBoE’s Pill: Wage and services price inflation remain a key concernKey vote on EU tariffs for Chinese EVs sparks trade contentionBoE’s Pill says need for caution points to a gradual withdrawal of policy restrictionSweden to abstain on EU tariffs for Chinese EVs seeks special deal for VolvoECB’s Centeno: Inflation is controlledEurozone September construction PMI 42.1 vs 41.4 priorGermany September construction PMI 41.7 vs 38.9 priorWhat is the distribution of forecasts for the US NFP?Spanish Industrial Production (YoY) (Aug) Actual: -0.1% Expected: 0.1% Previous: -0.4%What are the main events for today?French industrial production beats expectations in AugustThe @Newsquawk Europe Market Open: APAC stocks Mixed Ahead of NFP, Dock Workers End StrikeMorning Blast with @PiQSuite and @MrMBrownSwitzerland Unemployment Rate (Sep): Actual: 2.5% Expected: 2.4% Previous: 2.4%Boosting Wages to Combat Rising Costs: Japanese Government’s Economic StrategyJapan PM prioritizes beating deflation; seeks ties with like-minded nationsPotential strategies for Israel’s Response to IranNew York Fed chief Williams speaking on jobs after the NFP on Firday
It’s been a quiet session in terms of data releases as the markets await the US NFP report. BoE’s Pill sounded much less dovish than Governor Bailey which helped the pound to erase some of yesterday’s losses.
In the markets, crude oil continues to rally alongside Treasury yields. The sentiment is relatively positive with equities up on the day. The focus is on the US NFP report and on Fed’s Williams comments as he’s due to speak half an hour after the data release.
Good luck and have a great weekend!
This article was written by Giuseppe Dellamotta at www.forexlive.com.
