Another important day for announcements with a lot going on in the US, China & Europe.

Out of the US, there is a swathe of data set to be released later tonight and in the early hours of tomorrow morning. Among the data being released includes: Challenger Job Cuts, Unemployment Claims, Final Manufacturing PMI, ISM Manufacturing PMI & Manufacturing Prices and Construction Spending. the job cuts data and unemployment figures are important as they reflect fluctuations in the labour market. The PMI & Manufacturing Prices figures are vital in determining the relative strength of the manufacturing sector. Meanwhile, Construction Spending data is important as it reflects the change in total value that builders are spending on construction projects. An increase in this figure can indicate consumer/business confidence within the economy as individuals/companies are willing to spend money to construct homes/expand businesses. This all contributes to economic growth.

China is only releasing a few pieces of information later today, but they are crucial pieces of information. They are releasing Manufacturing,Non Manufacturing & Caixin Manufacturing PMI’s. Since manufacturing is the main driver of China’s economy, these figures are vital to the prosperity of the world’s second largest economy.

Europe is also releasing quite a lot of information later tonight. This information includes: Spanish & Italian Manufacturing PMI’s, German, French and European Final Manufacturing PMI’s and finally, Italian & European Unemployment Rates. As with China, all of the PMI figures are vital to determining the health of the manufacturing sectors in each of the countries in the EU. Meanwhile, the unemployment figures are important as they help indicate any strengthening or weakening of the jobs markets in Italy or more generally, in Europe.

Elsewhere, Japan is releasing Capital Spending & Final Manufacturing PMI data. Australia is announcing Private Capital Expenditure & Commodity Prices data. The UK is releasing their Nationwide HPI (House Price Index) and Manufacturing PMI figures, while the Swiss are releasing Retail Sales & Manufacturing PMI data.