Institutional Outlook on the U.S. October Unemployment Rate Data

The unemployment rate data for the United States in October will be released at 21:30 Beijing time tonight. Société Générale, Capital Economics, Danske Bank, High Frequency Economics, Barclays, JPMorgan Chase, Nomura Securities, and UBS expect it to be 4.1%; ING, Morgan Stanley, ANZ, Montreal, Berenberg, Bank of America Merrill Lynch, and Jefferies expect it to be 4.2%.

Citigroup, Deutsche Bank, Daiwa Capital, Goldman Sachs, Commonwealth Bank of Australia, HSBC Holdings, ING, Sumitomo Mitsui Trust, Deutsche Bank, National Bank of Canada, Pantheon Macroeconomics, Standard Chartered, Stifel, Sparta Capital, Allied Irish Banks, TD Securities, and Wells Fargo expect it to be 4.2%; Mizuho Securities and Westpac expect it to be 4.3%. Reuters expects it to be 4.2%.