As the coming week coincides with the start of October, so begins a new cycle of monthly data, with US jobs numbers taking the starring role and potentially paving the way for more confidence about the Federal Reserve's direction of policy.
However, a potential US government shutdown will be the key topic over the weekend, with barely a sign yet that the House and Senate will be able to agree a new funding package before current funding expires on October 1.
"A shutdown will also determine whether some of next week's major indicators, such as the September jobs report on Friday, are released on time," said Deutsche Bank.
On the central bank front, the focus is down under, with the Reserve Banks of Australia and of New Zealand in action on Tuesday and Wednesday.
UK economic data
For the UK there will also be confirmation of the manufacturing and services PMI surveys, where elements in the 'flash' releases are thought to have helped swing the Bank of England's interest rate pause last week.
The BoE's monthly decision-maker panel survey on Thursday is also "key", says Deutsche Bank.
New house price data will also emerge, against a background of conflicting information on the sector.
US data
If the data does emerge on time, the big non-farm payrolls report is scheduled to conclude the week.
Following a hawkish pause from the Fed last week, chair Jerome Powell is due to speak again on Monday.
Before the NFP there are three other jobs reports that have a tendency to move markets, as they are followed by traders and economists and can set the mood before Friday's dramatic conclusion, as well as ISM releases on manufacturing and services on Monday and Wednesday.
Tuesday's Job Openings and Labor Turnover Survey (JOLTS) should get things going, with 'job quits' an important element of this.
"With unemployment low, competition for quality staff red hot and day-trading all the rage, the number of monthly quits (or voluntary job changes) hit a record 3.0 million in late 2021," said analysts at AJ Bell.
"That figure has since dropped by nearly a quarter. This may signal less confidence in the future jobs market and could please the US Federal Reserve as it may help to put a lid on wage growth."
After the ADP payrolls survey on Wednesday, then the Challenger, Gray & Christmas job losses survey on Thursday, and initial unemployment claims data on the same day, the NFP survey from the Bureau of Labor Statistics on Friday will provide the latest unemployment and wage growth numbers and may continue the run of revisions to previous monthly data.
For August, 187,000 jobs were added, which was below the 12-month average of 245,000, a headline unemployment rate of 3.8%, and the average hourly wage up 4.3%.
The net revision to the previous month's NFP number has been downward for every month so far in 2023 - "and that is often seen as a harbinger of a slowdown or recession (just as upgrades are seen as a positive sign)," said the AJ Bell analysts.
Economists worried about a US recession are in the minority, with financial markets now seeming to think the Fed may keep interest rates higher for longer in response to ongoing economic strength.
Markets currently expect the first Fed rate cut in July 2024, according to the CME Fedwatch survey.