In the US session CB Consumer Confidence figures were released. The Conference Board Consumer Confidence Index®, which had improved marginally in September (an upward revision), increased again in October. The Index now stands at 125.9 (1985=100), up from 120.6 in September. The Present Situation Index increased from 146.9 to 151.1, while the Expectations Index rose from 103.0 last month to 109.1. "Consumer confidence increased to its highest level in almost 17 years (Dec. 2000, 128.6) in October after remaining relatively flat in September," said Lynn Franco, Director of Economic Indicators at The Conference Board.
There will be no major data releases from Australia tomorrow, but from China Caixin Manufacturing PMI figures will be published, though analaysts do not expect any change. In the US session ADP job and Manufacturing PMI figures will be released. Number of employed should increase to 191,000, while Manufacturing PMI should decline to 59.4. However, the focus of the session will be on Fed's interest rate decision and the following statement.
Figures to watch:
Caixin Manufacturing PMI (Wednesday 2:45)
ADP Non-Farm Employment Change (Wednesday 13:15)
ISM Manufacturing PMI (Wednesday 15:00)
Federal Funds Rate/FOMC Statement (Wednesday 19:00)
