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What to Watch: Fed Speakers Through Day, Eye on Fri's Sep Employ Data

OUTLOOK
Tsys trading mildly weaker, inside relatively narrow overnight range on moderate volumes (TYZ2<320k) as markets await Friday's employment report for September (+260k est vs. +315k prior). Crude little weaker (WTI -0.28 at 87.48), stocks softer (SPX eminis -19.0 at 3775.0), US$ index mildly higher (DXY +.195 at 111.403).
  • In the meantime, current session data coming up at 0830ET:
    • Initial Jobless Claims (193k, 204k); Continuing Claims (1.347M, 1.350M)
  • Flurry of Fed speakers ahead:
    • Cleveland Fed Mester open remarks bank conf at 0850ET
    • MN Fed Kashkari moderated Q&A Bremer Fncl, no text, 0915ET
    • Later this afternoon:
    • Chicago Fed Evans moderated Q&A, no text, 1300ET
    • Fed Gov Cook economic outlook, text, Q&A, 1300ET
    • MN Fed Kashkari on cyber security, no text, 1300ET
    • Fed Gov Waller eco-outlook, text, Q&A, 1700ET
    • Cleveland Fed Mester, eco-outlook, no text, Q&A 1830ET
  • Tsy Auctions:
    • Oct-06 1130 US Tsy $50B 4W, $45B 8W bill auctions
  • Geopol: European Council Approves 8th Round Of Sanctions, Including Oil Price Cap: The European Council has this morning approved the eighth round of sanctions to be imposed on Russia in response to its invasion of Ukraine. The raft of sanctions includes a cap on the price of Russian oil transported via sea in relation to third party countries.

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