Quite a busy day as far as the markets are concerned, with the US releasing the most important data.

The US is releasing the most important data, headlined by Non-Farm Employment Change, Unemployment Rate,  Average Hourly Earnings and Trade Balance. Fed Reserve Member Fischer is also set to deliver a speech in the early hours of tomorrow morning. Non-Farm Employment Change is probably the most critical figure to come out tonight as it indicates the change in number of employed people during the previous month. This data, along with the Unemployment Rate and Average Hourly Earnings, is crucial in determining the strength and health of the labour market. The Fed Reserve also looks at this data closely to help it determine future monetary policy into the future.

Let’s also not forget the volatility that is being created by the US Presidential election. As election night draws near, the race is getting tighter between the two candidates. The contrasts between some of their policies is quite stark, therefore a win by either one is likely to create quite a lot of volatility in the markets.

Europe is set to release a few pieces of information later tonight. Included in this release are: Spanish Services PMI, Italian Services PMI, French Final Services PMI, German Final Services PMI and European Services PMI. All of these figures are important as they reflect the strength and performance of the services sector within the individual countries and the European continent as a whole.

Elsewhere around the world, Australia is releasing Retail Sales figures, BOC (Bank of Canada) Governor Poloz is speaking, Canada are releasing Employment Change, Unemployment Rate, Trade Balance and Ivey PMI data, whilst finally, from the UK, MPC (Monetary Policy Committee) Member Forbes is also speaking.