Before the open - 06/09

Strong US data yesterday has led traders to fear potential US Federal Reserve tapering could be moved forward.

Now the FTSE could open lower on nerves over that tapering - a reduction in the rate of expansion of the US' monetary base.

So all eyes are on today's US jobs data, out at 13:30.

Key events:

  • UK July industrial production at 09.30. Expected to fall from 1.1 per cent to 0.1 per cent.
  • UK July manufacturing production at 09.30. Expected to fall from 1.9 per cent to 0.3 per cent.
  • German July industrial production at 11.00. Expected to fall from 2.4 per cent to -0.5 per cent.
  • US August nonfarm payrolls at 13.30. Expected to rise from 162,000 to 180,000.
  • US August unemployment rate at 13.30. Expected to stay flat at 7.4 per cent.
  • US August average hourly earnings at 13.30. Expected to rise from -0.1 per cent to 0.2 per cent.
  • UK NIESR GDP estimate for the three months to August at 15.00.