October 1, 2013
- in Uncategorized by schooloftrade
Morning Prep 10/01/13; SchoolOfTrade.com
7:30am EST
Focus-Points this morning:
· As of Midnight EST the US Gov. began
a partial shutdown of federal nonessential operations began due to
non-enactment of a budget for the fiscal year starting October 1st.
a partial shutdown of federal nonessential operations began due to
non-enactment of a budget for the fiscal year starting October 1st.
· Rumors surrounding the shutdown say
that Friday’s Non-Farm Payroll news may be moved forward to earlier this week
due to the shutdown of the Commerce Department
that Friday’s Non-Farm Payroll news may be moved forward to earlier this week
due to the shutdown of the Commerce Department
· Traders begin with a new month of October
this morning
this morning
· Chinese Manufacturing reports miss expectations
but still set another multi-year high
but still set another multi-year high
· Japan’s Abe plans to raise sales Tax
next year from 5% to 8%, as well as fresh stimulus package for small businesses
next year from 5% to 8%, as well as fresh stimulus package for small businesses
· German Unemployment rises for the 2nd
month in a row
month in a row
· Italian Unemployment reaches 12.2%
which is a record-high
which is a record-high
· Traders prepare for economic news
from Manufacturing and Construction this morning in the US, although the
shutdown will most likely take center-stage.
from Manufacturing and Construction this morning in the US, although the
shutdown will most likely take center-stage.
Economic News on the schedule today:
8:58am EST: PMI
Manufacturing Index
Manufacturing Index
10:00am EST: ISM
Mfg Index
Mfg Index
10:00am EST: Construction
Spending
Spending
