Money Minute Monday 30 September: the week ahead
This week, we get the latest manufacturing sector surveys from both the UK and the US, plus US employment figures.
Welcome to Monday's Money Minute, where we look ahead to this week's biggest financial stories.
On Tuesday, we get the latest manufacturing sector surveys from both the UK and the US.Manufacturing activity on both sides of the Atlantic has been either slowing or shrinking in recent months.This is partly down to trade friction, but the slowdown in manufacturing predates the trade wars, and stems largely from a wider slump in demand for semiconductors, and the impact of a slowing Chinese economy.
At the end of the week, we get the latest monthly non-farm payrolls figure for the US. This will show how many jobs were added to the US economy in September.This is one of the most important economic releases of the month.
If the labour market is stronger than expected, it implies that the Federal Reserve will have to be wary of cutting interest rates further. If it's weaker than expected, markets may see that as a green light for more rate cuts.
Analysts expect businesses to have hired around 140,000 people and for wage growth to have risen by 3.1%.