Market insights

Massive Day For The US Economy

This afternoon sees the non farm payroll number released in the US.

This is the bellwether reading of the state of the US economy as it measures the change in full time work removing seasonal fluctuations.

Analysts are expecting 160,000 full time jobs to have been added in August.

This will be heavily scrutinised as rumours abound of a potential recession over the pond.

Expect volatility today.

Prior to that the Euro will be in the spotlight with GDP numbers being announced. Quarterly growth of 0.3% is expected.

The early hours of Monday sees eyes turn to the East with Japanese GDP and Chinese inflation being announced.

Business news focuses on the UK housing market with the Halifax announcing annualised house price growth of 4.3% this morning.

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Economic calendar

EUR: 10:00 GDP Report

US: 13:30 Non Farm Payrolls

JPN: Monday 00:50 GDP Report

CHN: Monday 02:30 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.

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