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What’s happening tomorrow? (October 2, 2013)

Today the Government Shutdown is on. A Congress dispute over Obamacare as a condition of continued government funding has forced 800,000 federal workers off the job. The shutdown doesn’t impact the U.S. stock market as the market is on the rise. Today is also the first day of the Fourth quarter, kicking off the third-quarter earnings season. Overall the market is still optimistic. We all have to wait and see how the shutdown will last.

 For tomorrow there are earnings and important data releases as follows.

Upcoming S&P500 Earnings Release:

Monsato Co. (NYSE: Mon), a multinational Chemical and Agricultural Biotechnology corporation, will release its earnings before the bell.


Important Data Releases:

Europe:

3:00AM EST Spanish Unemployment Change, released bySpanish Employment Ministry, measures change in the number of unemployed people during the previous month.

European Central Bank will release Minimum Bid Rate at 7:45AM EST, which measures interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system. The bank will also release ECB Press Conference at 8:30AM EST. It's the primary method the ECB uses to communicate with investors regarding monetary policy.

UK:

4:30AM EST Construction PMI, released byMarkit, measures the level of a diffusion index based on surveyed purchasing managers in the construction industry.

US:

8:15AM EST ADP Non-Farm Employment Change, released by Automatic Data Processing, Inc., measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government.

Don’t miss!!! 3:30 PM EST Fed Chairman Bernanke Speaks will be held at the Federal Reserve Bank's conference "Community Banking in the 21st Century," in St Louis. Volatility is often experienced during his speeches as traders attempt to drop subtle clues regarding future monetary policy.