US: Focus on employment and Chicago PMI data - TDS

Analysts at TD Securities expect the US Employment Cost Index to firm 0.7% q/q, in line with the market consensus, on stronger wages and salaries offset by more modest growth in benefits.

Key Quotes

“ADP employment for October will be watched for any signs of hurricane impacts and is expected by the market to show job growth of 187k.”

“Chicago PMI for October will round out the data calendar, with consensus looking for 60.0.”