The Traderszone Network

Technical analysts are now looking at the fourth quarter with relative optimism, but not before October sees a bit more selling.

The health of the global economy remains among investors’ biggest concerns, particularly as demand falters in China, the world’s second-largest economy.
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Squawk Box Live in Europe has a full preview of the U.S. nonfarm payrolls report due out today.

Nikkei 225 showing a small improvement but it’s not that convincing
– currently down -0.18% at 17690.47
– low 17537.85
– USDJPY also a tad higher at 119.97 but res/offers around 120.00

Latest quarterly survey results now out from the Bank of Japan
– consumer sentiment outlook index -17.8 vs -13.9 in June
– BOJ poll – 81.9% see price rise in 1 year vs 82.0% prev

U.S. employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates at one of its two remaining meetings this year. The Labor Department’s monthly employment report, due on Friday at 8:30 a.m. EDT (1230 GMT), will almost certainly show the U.S. economy is growing enough to push the jobless rate lower in the coming months. Economists surveyed by Reuters forecast U.S.

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Crude prices rose on Friday as fighting in Syria intensified, but remained on course to end the week largely unchanged as a hurricane was seen as less likely to affect U.S. oil facilities. Hurricane Joaquin, which on Thursday had prompted fears of storm damage to U.S. East Coast oil installations, was downgraded and is now seen as less likely to pose a major threat, the U.S. National Hurricane Center said. Traders said a political risk premium had re-entered oil markets over Syria, where Russia and the United States are carrying on bombing campaigns.