Editor's Note: As the 8-day holiday for the Mid-Autumn Festival and National Day approaches, domestic stock and futures markets will be closed, while US, major European stock indices, and international commodity markets will continue trading. The information gap and volatility risks under market interconnectivity are worth noting. The current global situation is at multiple critical periods: the two parties in the US Congress have yet to reach a consensus on the budget, leaving the US government shutdown crisis unresolved. The US Bureau of Labor Statistics has clearly warned that if a shutdown occurs, the core economic data originally scheduled for early October, such as the non-farm employment report and the Consumer Price Index (CPI), will be postponed, adding uncertainty to global monetary policy expectations and asset pricing. Meanwhile, US President Trump announced that Israel has accepted his proposed Gaza peace plan. Whether this news can ease the geopolitical tensions in the Middle East remains to be verified. Focusing on the domestic front, in addition to the highly anticipated core data of holiday economy such as tourist reception numbers and total cultural and tourism consumption, the continued rebound of the manufacturing PMI in September before the double festivals, the progress of consumption voucher redemption in key cities, and the price fluctuations of commodities like non-ferrous metals and energy in the international commodity market, may all become key variables affecting the post-holiday market trend. For this reason, SMM has compiled and summarized the core data and major events before and after the holiday for your reference!
Domestic Front
[The Central Bank Announces 1,100 Billion Yuan Buyout Reverse Repo Operations to "Replenish" Liquidity for the First Week After the Holiday]In the face of disturbances from the National Day holiday and quarter-end factors, the central bank has recently been using a variety of monetary policy tools to clearly show its commitment to maintaining liquidity. Experts point out that the central bank will continue to control the intensity and pace of policy implementation, flexibly use monetary policy tools, and maintain ample liquidity. On September 30, the central bank announced that it would conduct 1,100 billion yuan of buyout reverse repo operations on October 9 through a fixed quantity, interest rate tender, and multi-price winning bid method, with a term of 3 months. On September 29, the central bank conducted 288.6 billion yuan of 7-day reverse repo operations at a fixed interest rate and quantity tender. With 240.5 billion yuan of 7-day reverse repos maturing on the same day, a net injection of 48.1 billion yuan was achieved. Data shows that 800 billion yuan of 3-month buyout reverse repos will mature in October. Thus, the central bank's 1,100 billion yuan of 3-month buyout reverse repo operations on October 9 means an additional 300 billion yuan of 3-month buyout reverse repos. In October, there will also be 500 billion yuan of 6-month buyout reverse repos maturing, and it is expected that the central bank will conduct another 6-month buyout operation in October, with an equal renewal being more likely. This means that the two tenor varieties of buyout reverse repos will continue to be extended with additional volumes, injecting medium-term liquidity into the market for the fifth consecutive month.
[NBS: Manufacturing PMI at 49.8% in September, Up 0.4 Percentage Points from the Previous Month]Data from the National Bureau of Statistics (NBS) showed that in September, the manufacturing Purchasing Managers' Index (PMI) was 49.8%, up 0.4 percentage points from the previous month, indicating continued improvement in the prosperity level of the manufacturing sector. In September, the composite PMI output index was 50.6%, up 0.1 percentage points from the previous month, remaining above the threshold, indicating that the overall expansion of production and business activities of enterprises in China continued to accelerate. Huo Lihui, Chief Statistician of the NBS Service Industry Survey Center, interpreted China's Purchasing Managers' Index for September 2025: Enterprise production expansion accelerated. The production index was 51.9%, up 1.1 percentage points from the previous month, rising to a near six-month high, indicating relatively active manufacturing production activities; the new orders index was 49.7%, up 0.2 percentage points from the previous month, indicating some improvement in market demand prosperity. By sector, the production indices and new orders indices for sectors such as food and alcoholic beverages, refined tea, automobiles, and railway, ship, aerospace equipment were all above 54.0%, indicating rapid release of production and demand; for sectors such as wood processing and furniture, petroleum, coal and other fuel processing, and non-metallic mineral products, both indices were below the threshold. Driven by the rebound in manufacturing production, enterprises accelerated raw material procurement, with the purchasing volume index rising to 51.6%.
[SASAC: Focus on Key Tasks of Layout and Structural Adjustment, Break Through Bottlenecks in Technological Innovation]According to a September 30 news release from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), SASAC recently held the third thematic promotion meeting for 2025 on the deepening and upgrading action for state-owned enterprise reform. The meeting proposed that efforts must be directed inward, with real action and tough measures, to resolutely win the battle for the high-quality completion of the deepening and upgrading action. It emphasized a problem-oriented approach, promoting the addressing of weaknesses and strengthening areas of deficiency, focusing on key tasks of layout and structural adjustment, striving to break through bottlenecks in technological innovation, working to reinforce weak links in corporate governance and market-oriented operating mechanisms, and tackling key and difficult points in state-owned assets supervision. It called for strengthened organizational leadership, emphasis on key priorities, enhanced penetration to the grassroots level, improved reform effectiveness, and ensuring the high-quality completion of various reform tasks.
[SASAC: State-Owned Enterprises and Central SOEs Should Focus on Industrial Revitalization in Xinjiang, Actively Invest and Layout in Xinjiang]According to a news release on the SASAC website on September 29, the Party Committee of SASAC held an enlarged meeting. The meeting emphasized that state-owned enterprises and central SOEs should focus on industrial revitalization in Xinjiang, actively invest and layout in Xinjiang, promote the deep integration of technological innovation and industrial innovation, assist Xinjiang in developing characteristic and advantageous industries, foster competitive industrial clusters, and develop new quality productive forces according to local conditions; leverage the role of the "Harmonious Countryside Journey" central SOE cultural tourism assistance platform to promote the integrated development of culture and tourism in Xinjiang; and deeply participate in the construction of Xinjiang's core area of the Silk Road Economic Belt, assisting Xinjiang in achieving high-level opening up. Prioritizing the protection and improvement of people's livelihoods, continuous efforts were made to enhance assistance in industries, employment, talent, consumption, and other fields. The implementation of "small and beautiful" projects benefiting the people was deepened, contributing to the comprehensive revitalization of Xinjiang's rural areas and enabling people of all ethnic groups in Xinjiang to widely participate in the development process and share in the development outcomes.
[Central Bank Preemptively "Replenishes" Liquidity, Ensuring Smooth Cross-Quarter Transition Without Worry]On September 29, the People's Bank of China conducted 7-day reverse repo operations amounting to 288.6 billion yuan through fixed-rate quantity tenders. As 240.5 billion yuan in 7-day reverse repos matured on the same day, a net injection of 48.1 billion yuan was achieved. Experts indicated that facing disruptions from the National Day holiday and the cross-quarter period, the central bank recently employed a combination of monetary policy tools, demonstrating a clear intent to safeguard liquidity. Subsequently, the central bank will continue to manage the intensity and pace of policy implementation appropriately, flexibly utilizing monetary policy tools to maintain ample liquidity. (Cailianshe)
[Double Festival Approaches, Civil Aviation Passenger Traffic Expected to Hit Record High for Same Period]This year's National Day and Mid-Autumn Festival involve an 8-day holiday, leading to high demand for civil aviation travel, creating another passenger flow peak after the summer transport period. Beijing's two airports are expected to handle over 2.97 million passengers during the holiday, with Capital Airport alone projected to handle 1.67 million passengers during the Double Festival. Reporters also learned from the Civil Aviation Administration that during this year's National Day and Mid-Autumn Festival holiday, civil aviation passenger traffic is expected to reach 19.2 million, potentially setting a record high for the same period. (CCTV News)
[National Railways Plan to Add 2,002 Extra Passenger Trains Today, Some High-Speed Rail Tickets at Minimum 40% Discount]As the National Day and Mid-Autumn Festival holiday is about to begin, the railway transport plan for the holiday commenced on the 29th. According to China State Railway Group, on the 29th, national railways carried 12.904 million passengers. Today (30th), national railways are expected to carry 18.4 million passengers, with plans to add 2,002 extra passenger trains. October 1 will see the peak passenger flow for national railways. Currently, passenger flow on national railways shows a significant growth trend. National railways are expected to carry 18.4 million passengers today, with additional high-speed sleeper trains added from Beijing to Guangdong, Hong Kong, and other directions. New lines facilitate high-speed rail loops, leading to the addition of loop high-speed rail trains in various regions. Tickets from Longmen Station to Zhengzhou Station today are available at a minimum 40% discount.
[Yangtze River Delta Railways Expected to Carry 3.65 Million Passengers Today]According to China Railway Shanghai Group Co., Ltd., on September 30, Yangtze River Delta railways continued to experience large passenger flows during the National Day Golden Week. It is estimated that 3.65 million passengers will be carried today, which is 213,000 more than on September 30, 2024, representing an increase of over 6%. Yesterday (September 29), the group company actually carried 2.769 million passengers. (CNS)
[Anhui Province Holds Fourth Batch of Major Project Commencement Mobilization Meeting with Total Investment of 332.38 Billion Yuan]The Anhui Provincial Committee and Provincial Government held the 2025 fourth batch of major project commencement mobilization meeting for the province. A total of 587 projects were mobilized for commencement, with a total investment of 332.38 billion yuan and an annual planned investment of 42.69 billion yuan. There were 9 projects with investment exceeding 3 billion yuan and 5 projects with investment exceeding 5 billion yuan.
[CAAM: Auto Parts Import Value in August Was $2.05 Billion, Down 17.9% YoY]According to data from the General Administration of Customs compiled by CAAM, in August 2025, the import value of auto parts reached $2.05 billion, up 3.5% MoM but down 17.9% YoY. From January to August 2025, the import value of auto parts was $14.27 billion, down 22.1% YoY.
[Hangzhou: Suspends Auto Replacement and Renewal Subsidy Policy Effective October 9]The Hangzhou Municipal Commerce Bureau issued an announcement on further adjusting the 2025 Hangzhou auto trade-in policy: (1) Suspend the implementation of the auto replacement and renewal subsidy policy. Effective 00:00 on October 9, 2025 (based on the new vehicle invoice date), the auto replacement and renewal subsidy policy is suspended within Hangzhou. Eligible consumers must submit applications and upload required documents via the official "Zhejiang Auto Replacement and Renewal" mini-program before 00:00 on November 9, 2025. Applications not submitted by the deadline will be deemed automatically abandoned. (2) Optimize the implementation of the auto retirement and renewal subsidy policy. Effective 00:00 on October 9, 2025 (based on the new vehicle invoice date), consumers applying for the auto retirement and renewal subsidy in Hangzhou must have both the retired vehicle's registration location (i.e., license plate location) and the new vehicle's registration location within Hangzhou. The subsidy standards, application process, and other requirements for the auto retirement and renewal subsidy will continue to follow the original policy.
[Shenzhen Issues Implementation Rules to Support High-Quality Development of Low-Altitude Economy]The Shenzhen Municipal Transport Bureau issued the implementation rules for the "Several Measures of Shenzhen Municipality to Support the High-Quality Development of the Low-Altitude Economy." These rules take effect on October 9, 2025, and are valid until December 31, 2026. The subsidy standards for enterprises obtaining type certificates and production certificates for eVTOL aircraft or unmanned aircraft from the Civil Aviation Administration of China and operating in Shenzhen are: 1. A one-time reward of 15 million yuan for manned eVTOL aircraft. 2. A one-time reward of 5 million yuan for large unmanned aircraft. 3. A one-time reward of 3 million yuan for medium unmanned aircraft. 4. Each enterprise shall receive a total annual reward of no more than 30 million yuan, with each model eligible for reward only once.
[Wuhan: Strengthening Subsidies for Rigid Housing Demand]On September 30, the Wuhan Municipal Housing and Urban Renewal Bureau and other departments jointly issued the "Notice on Further Promoting the Stable and Healthy Development of Wuhan's Real Estate Market with Policy Measures," proposing to enhance subsidies for rigid housing demand. From October 1 to December 31, 2025, families purchasing their first new commercial housing through commercial loans in specific areas—including the East Lake High-tech Development Zone, Wuhan Economic and Technological Development Zone (Hannan District), Yangtze New Area, Dongxihu District, Huangpi District, Jiangxia District, Caidian District, Xinzhou District, as well as areas outside the Third Ring Road in Hanyang District, Qingshan District, and Hongshan District—will receive a loan interest subsidy equivalent to 1% of the initial loan amount, up to a maximum of 20,000 yuan, disbursed in equal installments over two years.
[National Council for Social Security Fund: Firmly Optimistic About Long-Term Investment Value of Domestic Stocks]The National Council for Social Security Fund released its 2024 annual report. The report indicated that in 2024, the fund achieved an investment income of 218.418 billion yuan, with an investment yield of 8.1%. Data showed that at year-end 2024, the total assets of the National Social Security Fund amounted to 3,322.462 billion yuan, and the fund's equity totaled 2,912.802 billion yuan. Since its establishment, the fund has maintained an average annual investment yield of 7.39%. The Council has continuously improved the investment and operation levels across various asset classes. In terms of equity investment, it remains firmly optimistic about the long-term investment value of domestic stocks, leveraging the advantages of long-term capital and patient capital to conduct investments from a long-term perspective. It closely monitors capital market and regulatory policy dynamics, optimizes and refines the secondary asset allocation analysis framework, and continuously explores stable positive contributions through product system configuration. The Council is accelerating index-based investment efforts, establishing replication index products to lay the foundation for further enhancing the quality and efficiency of stock investments. It focuses on improving the overseas equity investment research system, making timely optimizations and adjustments to the existing structure, and adheres to a bottom-line mindset to strengthen risk prevention for overseas assets. Both domestic and overseas equity investments have achieved satisfactory returns.
[This Year's Digital Trade Expo Reaches Intentional Investment and Trade Agreements Totaling 161.98 Billion Yuan]The fourth Global Digital Trade Expo concluded on the 29th in Hangzhou, Zhejiang Province. This edition of the expo featured 1,812 exhibiting enterprises and attracted over 257,000 cumulative visitors. At the results press conference of the fourth Global Digital Trade Expo, Hu Zhenfang, Vice Director of the Zhejiang Provincial Department of Commerce, stated that the expo organized exhibitions, conferences, and competitions around five major areas of digital trade, achieving significant results in "attracting business through conferences," with intentional investment and trade agreements totaling 161.98 billion yuan. The inaugural "Digital Trade Venture Day" was held, bringing together 132 scientific and innovation projects nationwide with 117 investment institutions for matchmaking, resulting in 38 project-capital pairings reaching preliminary cooperation intentions. The Industrial and Commercial Bank of China extended credit lines totaling 19.6 billion yuan to on-site sci-tech enterprises. (Cailian Press)
[Post-80s Generation Became the Main Force in Theme Parks During National Day Holiday, Bookings Surged 40%]To welcome the National Day and Mid-Autumn Festival holidays, many theme parks across the country launched limited-time events and made refreshed appearances. Data showed that during the National Day holiday, domestic theme park ticket bookings increased nearly 40% YoY. Shanghai Disney Resort, Universal Beijing Resort, Shanghai Haichang Ocean Park, Shanghai Legoland Resort, and Guangzhou Chimelong Resort ranked among the most popular theme parks. Visitors born in the 1980s accounted for the highest proportion, reaching 46%. (CCTV Finance)
[Sanya Launched 170 Cultural and Tourism Activities During the "Double Festival"]According to Sanya Release, around the "Double Festival," Sanya focused on traditional culture, marine tourism, and emerging elements to create "featured highlights," planning 170 cultural and tourism activities to provide citizens and tourists with more diverse tourism product options. Additionally, the "Full Moon Over Lucheng, Gifts from Sanya" event was held in landmark venues in major source cities such as Chongqing, Chengdu, Wuhan, Changsha, and Xi'an. During the "Double Festival," over 100,000 portions of coconut water and intangible cultural heritage mooncakes were distributed to citizens and tourists; 20 million yuan in consumption vouchers were issued; various duty-free entities were mobilized to launch special themed activities like "Double Festival Celebration, Discount Feast"; the "2025 'Deer' in Bloom National Day Shopping Festival" was held, featuring special consumption activities in key business districts such as Joy City and Summer Station. Meanwhile, inbound consumption was optimized, with 60 tax-refund shops offering products covering clothing, cosmetics, watches, jewelry, and other categories, providing richer and more convenient shopping options for international tourists.
[Hainan Recorded Nearly 400,000 Visa-Free Foreign Entries This Year, Sanya Emerged as a Hot Destination]According to statistics from the Haikou Exit-Entry Frontier Inspection Station, as of September 24, the number of foreigners entering and exiting Hainan this year reached 980,000, a 46.3% increase compared to the same period last year. Among them, visa-free foreign entries totaled 395,000, accounting for 88.8% of all foreign arrivals. Russia, Kazakhstan, South Korea, and other countries are important source markets for inbound tourists to Sanya. Data showed that since the beginning of this year, over 570,000 foreign passengers have entered and exited through Sanya's aviation ports, accounting for 83% of the total inbound and outbound passengers.
International News
[Trump Met with Congressional Leaders from Both Houses to Discuss Avoiding Government Shutdown]According to CCTV News, US President Trump met with leaders from both houses of Congress at the White House on September 29 local time to discuss avoiding a government shutdown. Senate Democratic Leader Chuck Schumer stated that significant differences exist between them, and Trump has been briefed on their objections. Schumer said whether the government shuts down is up to the Republicans. House Democratic Leader Hakeem Jeffries described it as a candid discussion and stated that Democrats would not support Republican bills that harm healthcare. House Speaker Johnson expressed hope for more time to negotiate. US Vice President Vance described the talks with congressional leaders as "candid" and said disagreements should not lead to a federal government shutdown.
[US Bureau of Labor Statistics Warns: No Economic Data to Be Released During Government Shutdown]According to the contingency plan released by the US Bureau of Labor Statistics (BLS) on Monday (September 29), if funding is interrupted, the bureau will completely shut down and cease data collection. All scheduled data releases, such as the monthly nonfarm payroll report, will be suspended. The department estimates it will take half a day to complete shutdown procedures, but tasks related to system backups may take up to three days. At a time when the impact of Trump's policies on the US economy remains highly uncertain, authoritative indicators on employment, inflation, and consumption are particularly critical. Any delays could interfere with major policy decisions, such as whether the US Fed should cut interest rates again at its next meeting. If the US government indeed shuts down after September 30, the first major data release to be affected will be the nonfarm payroll report originally scheduled for October 3 by the BLS. Following closely will be inflation data—the Consumer Price Index (CPI). Additionally, reports from the Census Bureau, such as retail sales and housing starts, also face risks of delay.
[Asian Development Bank Revises Down Growth Forecasts for Developing Economies in Asia Pacific]According to CCTV News, on September 30, the Asian Development Bank released the "Asian Development Outlook 2025" (September edition). Compared with the initial report released in April, this report revises down the growth forecast for developing economies in Asia Pacific to 4.8% for 2025 and to 4.5% for 2026.
[US President Trump Orders Tariff Hikes on Imported Timber and Cabinets Effective October 14]According to CCTV News, on September 29 local time, US President Trump announced that a 10% tariff will be imposed on imported softwood logs and timber, and an additional 25% tariff will be imposed on imported cabinets, bathroom vanities, and pouch wood products. The new tariffs will take effect on October 14, with some rates set to be raised further starting January 1 next year. The US Department of Commerce had already initiated an investigation into wood and its derivatives (including cabinets and furniture) since March of this year.
[Trump Says Netanyahu Has Accepted His Gaza Peace Plan]According to CCTV News, on September 29 local time, US President Trump and Israeli Prime Minister Netanyahu held a bilateral meeting, after which they held a press conference but did not take questions from reporters. Trump stated that Netanyahu discussed issues related to Iran, trade, the Abraham Accords, and ending the conflict in Gaza. Trump said that Netanyahu has accepted the Gaza peace plan he proposed and that they are very close to reaching an agreement to end the conflict in the Gaza Strip. Trump indicated that if Hamas accepts the Gaza peace plan, he will demand the release of all hostages. Trump said the peace plan includes the return of hostages and the demilitarization of Gaza, and that many Arab leaders agree with the written plan. Trump expressed his belief that Hamas will give a positive response. At the press conference, Netanyahu stated his support for Trump's plan to end the conflict. Netanyahu said the plan aligns with Israel's principles for ending the conflict: Hamas will be disarmed, Gaza will be demilitarized, and it will have a peaceful civil administration. Israel will withdraw its troops based on the extent of Hamas's disarmament.
[Egypt and Qatar Deliver US-Proposed Ceasefire Plan to Hamas]According to CCTV News, Cairo News TV reported on the 29th that Egypt and Qatar delivered the US proposal for a ceasefire in the Gaza Strip to the Palestinian Islamic Resistance Movement (Hamas), and Hamas confirmed it is studying the proposal "actively and objectively." An Egyptian security source revealed on the 29th that an Egyptian delegation headed to Qatar that day to present the US President Trump's proposal for a ceasefire in the Gaza Strip to Hamas leaders, awaiting their response before relaying it to both the US and Israel. The source said that Egypt and other Arab countries had made some modifications to the US-proposed plan.
[Bank of Japan Meeting Minutes: Growing Calls for Rate Hikes, Will October Be the Time for a Decision?]On Tuesday, the Bank of Japan's September meeting minutes were officially released. The minutes showed that during the monetary policy meeting held on September 18-19, Bank of Japan board members discussed whether interest rates should be raised in the near term, with some members believing the timing for such a move might be approaching—indicating that hawkish forces within the Bank of Japan may be gradually strengthening. The minutes revealed that many members emphasized the importance of remaining vigilant against Japan's increasing inflationary pressures, which raises the possibility of an interest rate hike in October. One member stated, "Looking solely at Japan's economic conditions, given that more than six months have passed since the last rate hike, perhaps now is the time to reconsider raising the policy interest rate."
[Data show over 3,000 food items in Japan to rise in price in October]On September 30 local time, private survey agency Teikoku Databank released data indicating that 3,024 food items in Japan are expected to see price increases in October. This marks the first time in half a year that the number of food items rising in price within a single month has exceeded 3,000, following the 4,225 items that increased in price in April. Against the backdrop of soaring rice prices, the category of "alcoholic beverages and drinks," including shochu and sake, saw the largest number of items with price hikes. (CCTV News)
Important Data During the National Holiday Period
October 1:Data to be released include Australia's September AIG Manufacturing Performance Index, Japan's Q3 Large Manufacturers' Forecast for USD/JPY Average This Fiscal Year, Japan's Q3 Bank of Japan Tankan Large Manufacturing Index, Malaysia's September Manufacturing PMI, France's September SPGI Manufacturing PMI Final, Germany's September SPGI Manufacturing PMI Final, Eurozone's September SPGI Manufacturing PMI Final, UK's September SPGI Manufacturing PMI Final,Eurozone's September Harmonized CPI Year-on-Year - Preliminary Unadjusted,Eurozone's September Core Harmonized CPI Year-on-Year - Preliminary Unadjusted,US September ADP Employment Change,Brazil's September SPGI Manufacturing PMI, US September SPGI Manufacturing PMI Final,US September ISM Manufacturing PMI,Mexico's September SPGI Manufacturing PMI, among others. Key events to watch: 2027 FOMC voter, Richmond Fed President Barkin speaks on the economic outlook; 2027 FOMC voter, Richmond Fed President Barkin speaks on the economic outlook; 2026 FOMC voter, Dallas Fed President Logan delivers remarks; Fed Vice Chair Jefferson speaks; US imposes additional tariffs on pharmaceuticals, furniture, and heavy-duty trucks;US government faces shutdown crisis. Additionally, Hong Kong Exchanges is closed on October 1 for National Day, with northbound and southbound trading suspended.
October 2:Data to be released include Australia's August Goods and Services Trade Balance, Australia's August Import and Export Month-on-Month, Switzerland's September CPI Year-on-Year,Eurozone's August Unemployment Rate, US September Challenger Job Cuts,US Initial Jobless Claims for the Week Ending September 27, US Continued Jobless Claims for the Week Ending September 20, US August Durable Goods Orders Month-on-Month Revision, US August Factory Orders Month-on-Month, among others. Also to watch: 2027 FOMC voter and Richmond Fed President Barkin speaks on the economic outlook; Bank of Canada releases the minutes of its September monetary policy meeting; Bank of Japan Governor Ueda Kazuo delivers a speech; 2026 FOMC voter and Dallas Fed President Logan gives a speech; European Political Community summit takes place. In addition, on October 2, the Hong Kong Exchange is open as usual for the National Day holiday, with southbound and northbound trading closed.
October 3: To be released Japan's August unemployment rate, global September ANZ commodity price index year-on-year, Russia's October SPGI services PMI, UK's October SPGI services PMI final reading, US September nonfarm payroll change seasonally adjusted, US September average hourly earnings year-on-year, US September private nonfarm payroll change, US September labor force participation rate, US September manufacturing payroll change seasonally adjusted, US September unemployment rate, Brazil's October seasonally adjusted SPGI services PMI, US September ISM non-manufacturing PMI, and other data. To watch: Bank of Japan Governor Ueda Kazuo visits Osaka and holds a press conference; FOMC permanent voter and New York Fed President Williams speaks at a farewell seminar hosted by Dutch Central Bank Governor Knot; Bank of England Governor Bailey delivers a speech. In addition, on October 3, the Hong Kong Exchange is open as usual for the National Day holiday, with southbound and northbound trading closed.
October 4: To be released US total rig count for the week ending October 3, US oil rig count for the week ending October 3, and other data. To watch: Japan's ruling Liberal Democratic Party holds its leadership election.
October 5: To watch: Australia begins daylight saving time, with financial market trading hours and economic data release times moved one hour earlier than standard time; Saudi Aramco announces official crude oil selling prices around the 5th of each month; OPEC+ eight oil-producing countries hold a meeting on oil production policy.
October 6: To be released France's August trade balance, Switzerland's September unadjusted unemployment rate, Switzerland's September seasonally adjusted unemployment rate, euro zone October Sentix investor confidence index, euro zone August retail sales month-on-month, euro zone August retail sales year-on-year, global September industrial production cycle turning point leading indicator, global September supply chain pressure index, and other data. In addition, on October 6, the Hong Kong Exchange is open as usual for the National Day holiday, with southbound and northbound trading closed.
October 7: China's September foreign exchange reserves (released irregularly on October 7), China's September gold reserves, Australia's ANZ consumer confidence index for the week ending October 5, Canada's September leading indicator month-on-month, US August trade balance, Canada's August trade balance, Canada's September IVEY seasonally adjusted PMI, Canada's September IVEY unadjusted PMI, US September New York Fed one-year inflation expectations, US September New York Fed three-year inflation expectations, and other data. The Hong Kong Exchange was closed for one day on October 7 due to the Mid-Autumn Festival holiday, with southbound and northbound trading suspended.
October 8:Data to be released include Japan’s August trade balance (seasonally adjusted by the central bank based on customs data), New Zealand’s official cash rate decision on October 8, Germany’s August seasonally adjusted industrial production month-on-month rate, Germany’s August working-day-adjusted industrial production year-on-year rate,and the US October IPSOS Primary Consumer Sentiment Index (PCSI).Also to watch: the EIA releases its monthly Short-Term Energy Outlook report;the Reserve Bank of New Zealand announces its interest rate decision; RBNZ Governor Orr holds a monetary policy press conference; US Fed Governor Barr delivers a speech; Bank of Japan Governor Ueda attends the Paris European Financial Markets Association International Finance Forum. In addition, the Hong Kong Exchange will operate normally on October 8 for the National Day holiday, with southbound and northbound trading suspended.
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