GLOBAL MANUFACTURING AND U.S EMPLOYMENT HEADLINE A BUSY START TO OCTOBER

SEPTEMBER JOBS AND PMI DATA

The release of the United States Non-farm payrolls job report for the month of September will certainly be the main event for financial markets this week. Economists are forecasting that the U.S economy created 98,000 jobs in September, with the U.S unemployment rate remaining steady at 4.4 percent.

We also see the release of PMI manufacturing data from the United States, United Kingdom, Switzerland, Germany, Italy, Spain and France. Australian policy makers will meet to decide on interest rates on Tuesday, whilst Chinese financial markets will be closed this week for National Day Holiday.

Monday 2nd October, U.S ISM MANUFACTURING

The Institute of Supply Management Manufacturing Purchasing Managers Index is forecasted to decline slightly in September, with a reading of 58. In August, the U.S economy posted its strongest ISM Manufacturing reading since November 2014, at 58.8.

The ISM PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%.

Tuesday 3rd October, RBA Interest Rate Decision

The Reserve Bank of Australia meets on Tuesday to decide on interest rates, with most economists expecting the RBA to keep interest unchanged at 1.5 percent, for a fourteenth straight month.

After the rate decision, RBA Governor Glenn Stevens will deliver the RBA policy statement, which is expected to be overwhelmingly hawkish, after the Australian economy posted strong economic data during the previous month.

Wednesday 4th October, U.S ADP Employment

The ADP National Employment Report is expected to show 140,000 private sector jobs were created in the United States in September. ADP employment is based on the payroll data of approximately 400,000 U.S. business clients.

The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. However, the change in between the Nonfarm payrolls and ADP jobs report can be very volatile.

Thursday 5th October, ECB Meeting Minutes

The European Central Bank releases the meeting minutes from the ECB Governing Council's last monetary policy meeting, which was held on September 7th.

In August, the ECB meeting minutes showed European Central Bank policy makers expressing concern about the rapid rise of the euro currency. Investors will again pay close attention to ECB policy makers latest thoughts on the value of the euro, QE tapering and inflation.

Friday 6th October, U.S Nonfarm Payrolls Jobs Report

The U.S Non-farm payrolls jobs report is expected to show that the U.S economy created 98,000 jobs during September. The headline figure is expected to be much lower this month, due to disastrous weather conditions during September.

Investors will also pay close attention to the wage data inside the jobs report, as inflation and wage growth continues to stagnate in the U.S economy.