The first Friday of the month brings the latest non-farm payrolls report from the US.
Consensus forecasts currently range between 250-300,000 jobs to have been added in September.
“If unemployment stays low and wage growth stays firm, then the US Federal Reserve is likely to keep raising interest rates and stay the course on its US$95bn-a-month quantitative tightening programme,” said analysts at AJ Bell.
With the Fed having already jacked up interest rates from 0.25% to 3.25%, their highest level since 2008, stock markets have not been the happiest of places.
The market is pricing in further increases to 4.50% or even higher by May next year when it then expects a pivot to rate cuts in early 2024.
For August there were 315,000 jobs added, which was below the 12-month average of 495,000 and left the headline unemployment rate at 3.7%,
The tight labour market, led to average hourly wages growing 5.2% on the year, which was a slower pace than seen earlier in the year.
JD Wetherspoon
JD Wetherspoon PLC (LSE:JDW) is scheduled to publish its full-year results on Friday, having previously warned of higher-than-expected losses.
Boss Tim Martin's usual diatribe may be even lengthier than usual given the economic events of recent weeks.
Boris Johnson was still in power when we last heard from the Brexit-supporting pub owner back in July, though he is likely to celebrate the fact that JDW fixed its energy prices at levels that pre-date the current spike in prices.
However most of the group’s customers won't have been so lucky, so the outlook may be gloomy.
Significant announcements on Friday
Finals: JD Wetherspoon PLC, Superdry PLC (LSE:SDRY)
Economic announcements: Non-Farm Payrolls (US), Unemployment Rate (US), Wholesales Inventories (US), Consumer Credit (US), Halifax House Price Index (UK)
USA earnings
Wednesday: Keurig Dr Pepper
Thursday: Constellation Brands (NYSE:STZ), McCormick & Co