Fast Europe Open: PMIs and the PM

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Theresa May is set to make a renewed pitch for the “centre ground” of British politics as the prime minister seeks to capitalise on the disarray in the ranks of the opposition Labour party during her speech at the Tory party conference on Wednesday.

The Conservative leader will say that she wants to put “the power of government squarely at the service of ordinary working-class people” and will repeat her promise from the summer that everyone should have the same life chances, regardless of their background.

Mrs May recently hired Tony Blair’s former policy chief to look at how to extend workers’ rights in the so-called “gig economy”, saying she wants to be “certain that employment regulation and practices are keeping pace with the changing world of work”

At lunchtime the Hang Seng is up 0.4 per cent, the Nikkei is up 0.5 per cent and the ASX 200 is down 0.5 per cent. Chinese markets are closed for the Golden Week holiday. The FTSE is set to open down 0.7 per cent.

UK news coverage will be dominated by coverage of Mrs May’s speech and performance, while there is a slew of PMI releases across Europe to keep economists happy – and Tesco also reports results. Here is the full rundown (all times GMT):

Earnings:

  • 07:00 Tesco
  • 07:00 Topps Tiles

Economy:

  • 06:00 Ireland services PMI
  • 07:00 Russia services PMI
  • 07:30 Sweden services
  • 08:15 Spain services PMI
  • 08:30 Sweden industrial orders
  • 08:45 Italy services/composite PMI
  • 08:50 onwards France, Germany, Eurozone PMIs
  • 09:30 UK services PMI
  • 10:00 Eurozone retail sales
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