This Week's Trade in Markets: Monday, October the 5th
On the macroeconomic side today, we have services and manufacturing PMI:
S&P Global Services PMI (Sep): Forecasted to climb to 58.7 from 56.5, pointing to accelerated service sector expansion.
S&P Global Composite PMI (Sep): Expected to rise to 58.4 from 56.0, reflecting strong broad-based private sector momentum.
ISM Non-Manufacturing PMI (Sep): Projected at 55.1, easing slightly from 55.4, continuing to signal steady growth.
ISM Non-Manufacturing Prices (Sep): Tracking closely against a high previous print of 72.6, this sub-index will be closely monitored for persistent cost pressures.
On Tuesday, we have the ADP weekly employment change:
The upcoming ADP Weekly Employment Change (NER Pulse) is scheduled for release on Tuesday, October 6, 2026. It provides a high-frequency, four-week moving average estimate of U.S. private sector employment trends.
The previous report showed private employers adding an average of 20,000 jobs per week for the period ending September 5, marking an acceleration in hiring momentum from prior weeks. Tuesday's update will provide fresh insight into labor market resilience ahead of wider macroeconomic prints.
This is followed by Fed speakers on Tuesday.
Markets for Wednesday are preparing for more Fed speakers, then the FOMC minutes—the US central bank meeting to discuss borrowing costs on the dollar.
On Thursday, Fed official Chris Waller speaks, alongside Thursday's weekly initial jobless claims with a consensus of 200k, compared to the previous data print of 197k.
This week on the single-stock micro bottom-up earnings report story, there is not much action; Pepsi and Delta Air Lines report.
Not a massive week in markets for macro economic data or for mega cap company earnings and the focus is more on fed speakers and the fomc meeting...