Forexlive European FX news wrap: Awaiting the US NFP release

• China firmly opposes EU EV tariffs calls them unfair and WTO rule violations
• China urges EU to delay EV tariffs and avoid trade tensions
• ECB’s De Guindos says inflation to near 2% by 2025 but too early for victory laps
• EU Moves Forward with Tariffs on Chinese EVs Following Member Vote
• Obama to campaign for Harris in final month before election
• US and South Korea reach tentative agreement on defense cost-sharing plan
• EU countries fail to reach consensus on Chinese EV tariffs leaving decision to Commission
• Iran leader Khamenei says they will not delay nor rush to respond to Israel
• NHC says Hurricane Kirk remains powerful and big swells to reach US East Coast by Sunday
• Sentiment trading fairly stable ahead of today’s NFP
• Goldman Sachs lifts Turkey inflation forecast to 44% and delays rate cut to Jan
• BoE’s Pill: Interest rates have minimal impact on UK business investment
• UK September construction PMI 57.2 vs 53.3 expected
• BoE’s Pill: Wage and services price inflation remain a key concern
• Key vote on EU tariffs for Chinese EVs sparks trade contention
• BoE’s Pill says need for caution points to a gradual withdrawal of policy restriction
• Sweden to abstain on EU tariffs for Chinese EVs seeks special deal for Volvo
• ECB’s Centeno: Inflation is controlled
• Eurozone September construction PMI 42.1 vs 41.4 prior
• Germany September construction PMI 41.7 vs 38.9 prior
• What is the distribution of forecasts for the US NFP?
• Spanish Industrial Production (YoY) (Aug) Actual: -0.1% Expected: 0.1% Previous: -0.4%
• What are the main events for today?
• French industrial production beats expectations in August
• The @Newsquawk Europe Market Open: APAC stocks Mixed Ahead of NFP, Dock Workers End Strike
• Morning Blast with @PiQSuite and @MrMBrown
• Switzerland Unemployment Rate (Sep): Actual: 2.5% Expected: 2.4% Previous: 2.4%
• Boosting Wages to Combat Rising Costs: Japanese Government’s Economic Strategy
• Japan PM prioritizes beating deflation; seeks ties with like-minded nations
• Potential strategies for Israel’s Response to Iran
• New York Fed chief Williams speaking on jobs after the NFP on Firday

It’s been a quiet session in terms of data releases as the markets await the US NFP report. BoE’s Pill sounded much less dovish than Governor Bailey which helped the pound to erase some of yesterday’s losses.

In the markets, crude oil continues to rally alongside Treasury yields. The sentiment is relatively positive with equities up on the day. The focus is on the US NFP report and on Fed’s Williams comments as he’s due to speak half an hour after the data release.

Good luck and have a great weekend!

This article was written by Giuseppe Dellamotta at www.forexlive.com.