Here are some important economic data that will be the focus of the market throughout the week.
China Manufacturing and Services PMI data (Wednesday 9.00 AM): The development of the economic sector in China will provide an early indication of a recovery for the world's second-largest economy which will also affect global market sentiment.
UK GDP Data (Wednesday 2.00 PM): Investors will be reviewing the final reading of UK economic growth after Gross Domestic Product (GDP) data in the second quarter has recorded the biggest decline.
US GDP Data (Wednesday 8.30pm): The decline in US GDP growth in the second quarter to -31.7% has put pressure on the world's largest economic recovery. The final GDP reading is expected to remain unchanged.
US Unemployment Claims Data (Thursday 8.30pm): Although the unemployment rate claim in the US is showing a decline compared to before, the figure reading is still at a relatively high level. Rising demand figures will continue to put pressure on US dollar trading.
ISM Survey Manufacturing PMI Data (Thursday 10.00 PM): The reading of the ISM survey PMI figures for the manufacturing sector has risen above the level of 50 for three consecutive months and the figure readings also show an upward trend. Ongoing trends will give hope for economic recovery.
NFP Employment Data Report (Friday 8.30pm): Shocking trade in early October is the main focus of this data where expectations of job growth in the US for September are declining. However, the unemployment rate is expected to decline following the decline in the previous month.
