*Nonfarm Employment Change for September, announced today in the USA, came in much higher than the expectation of 170 thousand and increased by 336 thousand. The previous data was also revised from 187 thousand to 227 thousand. Apart from these data, the Unemployment Rate at 3.8% remained unchanged, while Average Hourly Earnings remained below expectations, increasing by 0.2% monthly and 4.2% annually. After the data, the probability of the FED increasing the interest rate at its meeting on November 1 was 71.3%.

*European Central Bank (ECB) member Knot said in his speech that inflation is approaching its peak and they are satisfied with the current policy stance. Another ECB Member, Vujcic, said that they are on a good path and that they will achieve a soft landing if the predictions come true.

*The September Employment Change, which we follow in Canada, was well above the expectation of 20 thousand and increased by 63.8 thousand. The Unemployment Rate remained unchanged at 5.5%.

Agenda of the Day (GMT +3);
07:00 p.m. FED Member Waller’s speech
08:00 p.m. Number of US Oil Drilling Rigs