Japanese Tankan report and the statement of the British Prime Minister Theresa May are one of the most important events today that will impact the markets. Monday, October 3rd is also a day in which Germany celebrate their Day of Unity. So what it is worth paying attention to in the course of the day?

26 years ago Germany established the celebration of German unity. It’s interesting that despite the fact that the Berlin Wall fell on 9 November 1989, Germany decided that it will not be a suitable date for such an important holiday. On November 9 the Weimar Republic was proclaimed and on the same day five years later Hitler first tried to come to power. This date also coincides with the first massacre of Jews in Nazi Germany in 1938. And what has all this to do with trading? German stock exchange is closed, so trade on the popular DAX will be possible only from tomorrow!

During the night most important publication was the publication of the quarterly Tankan report. As it turns out, the situation of Japanese companies seems to be a bit worse than market forecasts. The index of large companies came in at 6 points – unchanged compared with the previous quarter and slightly worse than forecast at 7 points. Almost same is the situation in case of the sentiment of large manufacturers, with the difference that the forecast of this index were up 8 points. Slightly better is the situation in the country perceive small businesses – in their case, the indices were higher than forecast. USDJPY after noticeably increased volatility during the night of publications is on small minus:

On the other hand under considerable bears pressure was British pound. All because of the speech of the British Prime Minister, Theresa May, who at the weekend spoke about the date of beginning work on Brexit. Article 50 of the Treaty of Lisbon is to be launched before the end of March next year. The market reacted to the announcement quite allergic. GBPUSD falls below 1.2900 already:

What is still ahead of us?

At 10:30 London will publish its PMI index for the industry. The market consensus of British index ranks lower than the August publication – 52.1 against 53.3 previously. For another noteworthy data we will have to wait close to 16:00. Fifteen minutes before four o’clock we will know the value of the US PMI for the industry. Promptly at 16:00 ISM (Institute for Supply Management) will share calculations of manufacturing PMI share. These data symbolically will complete the first October session on the markets.