Buckle up for a two-part week! A slow start due to holidays is expected to be followed by a data-heavy second half with central bank pronouncements adding fuel to the fire. Expect continued volatility.

Monday:

• Asian markets open positive after positive Chinese PMI data.
• US markets see ISM Manufacturing PMI and Bank of Canada Business Outlook Survey.

Tuesday:

• Focus on Australia with RBS Monetary Policy Meeting Minutes.
• Key releases: German Prelim CPI, US JOLTS Job Openings, FOMC member speeches (Williams, Mester, Daly).

Wednesday:

• Euro Flash CPI data in the morning.
• ADP non-farm payrolls and ISM Services PMI in North America.
• Fed Chair Jerome Powell speaks at Stanford, potentially impacting markets with comments on upcoming employment data.

Thursday:

• Quiet start with Chinese markets closed.
• Focus on Swiss CPI update after recent SNB rate cut.
• US releases weekly unemployment claims and additional Fed member speeches.

Friday:

• Non-Farm Payrolls day – key US jobs data release.
• Market also awaits Average Hourly Earnings and Unemployment Rate.
• Canadian employment data and Ivey PMI number released.

A data-packed week with central bank commentary could lead to significant market movements. Keep an eye on US jobs data, Fed pronouncements, and key economic indicators from around the globe.