Tuesday snapshot: World services PMI, focus on ECB’s Lagarde

The market spotlight will be on the global services sector on Tuesday with a series of surveys covering the sector slated for release on both sides of the pond.

The main one will be the United States Institute of Supply ManagementServices sector purchasing managers index for September at 1500 BST.

On the shores of the house meanwhile at 0930 BST IHS Markit will issue a final reading for its own services sector PMI for that same month.

The consensus is that the UK services PMI remains unchanged from a preliminary reading of 54.6 but down from an August impression of 55.0.

It will be a similar story across the Channel, with IHS Markit is expected to publish the “final” reading of its Eurozone services PMI for last month.

Investors will also keep an eye on the producer price data for the single currency bloc in August.

They will be followed by a speech by the President of the European Central Bank, Christine Lagarde, at 1500 BST.

Policymakers in Romania will announce their latest monetary policy decision.

Down Under, Sydney’s rate-setters must also meet to decide on interest rates.

Mainland Chinese markets will remain closed during the Golden Week holidays.

Tuesday 05 October

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