Jobs report, manufacturing PMI, and ISM services data to shape market outlook this week

As traders approach another pivotal week for financial markets, a series of crucial economic data releases that could sway market dynamics are expected. On Monday, the market will get data on Chicago PMI, providing insights into the sector's health, and a speech from Fed Chairman Jerome Powell. On Tuesday, they will hear about the ISM Non-Manufacturing PMI, offering a glimpse into the services sector's performance. The week culminates on Friday with the highly anticipated nonfarm payrolls report, a key indicator of the overall labor market strength.

Major Economic Events to Watch

• Chicago PMI - Monday, September 30, 9:45 AM ET (Forecast: 46.1, Previous 46.1)

• Fed Chair Powell Speaks - - Monday, September 30, 1:55 PM ET

• Manufacturing PMI - Tuesday, October 1, 9:45 AM ET (Forecast: 47.0, Previous: 47.9)

• JOLTs Job Openings - Tuesday , October 1, 10:00 AM ET (Forecast: 7.640M, Previous: 7.673M)

• ISM Manufacturing PMI -Tuesday , October 1, 10:00 AM ET (Forecast: 47.6, Previous: 47.2)

• ADP Nonfarm Employment Change - Wednesday, October 2, 8:15 AM ET (Forecast: 124K, Previous: 99K)

• EIA Crude Oil Inventories - Wednesday, October 2, 10:30 AM ET (Previous: -4.471M)

• Initial Jobless Claims - Thursday, October 3, 8:30 AM ET (Forecast: 221K, Previous: 218K)

• Services PMI - Thursday, October 3, 9:45 AM ET (Forecast: 55.4, Previous: 55.7)

• ISM Non-Manufacturing PMI - Thursday, October 3, 10:00 AM ET (Forecast: 51.6, Previous: 51.5)

• Nonfarm Payrolls - Friday, October 4, 8:30 AM ET (Forecast: 144K, Previous: 142K)

• Unemployment Rate - Friday, October 4, 8:30 AM ET (Forecast: 4.2%, Previous: 4.2%)

• Average Hourly Earnings - Friday, October 4, 8:30 AM ET (Forecast: 0.3%, Previous: 0.4%)

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

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Source: Investing.com