Jobs report, manufacturing PMI and ISM services data to shape market outlook this week By Investing.com

As traders approach another crucial week for financial markets, a number of crucial economic data are expected that could influence market dynamics. On Monday, the market will receive Chicago PMI data, providing insights into the health of the sector and a speech from Fed Chairman Jerome Powell. On Tuesday, they will hear about the ISM Non-Manufacturing PMI, providing a look at the performance of the services sector. The week culminates on Friday with the highly anticipated non-farm payrolls report, a key indicator of the overall strength of the labor market.

Major economic events to watch

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

• Fed Chairman 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 – TuesdayOct. 1, 10 a.m. ET (Prediction: 7,640 M, Previous: 7,673 M)

• ISM Manufacturing PMI –TuesdayOct. 1, 10 a.m. ET (Prediction: 47.6, Prev: 47.2)

• ADP Non-Farm Labor 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 a.m. ET (Forecast: 221K, Previous: 218K)

• PMI Services – Thursday, October 3, 9:45 a.m. ET (Forecast: 55.4, Previous: 55.7)

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

• Non-Farm Payroll – Friday, Oct. 4, 8:30 a.m. ET (Prediction: 144K, Prev: 142K)

• Unemployment Rate – Friday, October 4, 8:30 a.m. ET (Forecast: 4.2%, Previous: 4.2%)

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

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

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