This Week's Macro Outlook: Nonfarm Payrolls and PCE Data Take Center Stage, Micron to Release Earnings After Wednesday's Market Close
The highlight of this week’s macroeconomic data is undoubtedly the U.S. Nonfarm Payrolls report on Friday. The report includes three core figures—nonfarm payrolls, unemployment rate, and average hourly earnings—and is directly tied to the Federal Reserve’s interest rate path, making it a highly significant employment data point ahead of the October policy meeting.
Below are the key market focuses for the coming week (all times Beijing Time):
- Wednesday 20:15: U.S. September ADP employment change
- Wednesday 20:30: U.S. August core PCE price index year-over-year rate
- Thursday 16:00: Bank of England Governor Andrew Bailey delivers a speech
- Thursday 20:30: U.S. initial jobless claims for the week ended September 26
- Thursday 21:30: European Central Bank President Christine Lagarde delivers a speech
- Friday 20:30: U.S. September seasonally adjusted nonfarm payrolls and unemployment rate
Starting from Wednesday early morning, Federal Reserve officials will hold a flurry of public events. 2027 FOMC voting member and Chicago Fed President Austan Goolsbee, and 2028 FOMC voting member and St. Louis Fed President Alberto Musalem will deliver speeches in succession. Permanent FOMC voting member and New York Fed President John Williams will give a keynote speech at the University at Buffalo. On Thursday, Fed Governor Lisa Cook, Minneapolis Fed President Neel Kashkari, and Richmond Fed President Thomas Barkin will speak one after another; on Friday, Williams and Dallas Fed President Lorie Logan will also hold public events.
In U.S. equities: Micron Technology (MU.O) will release its earnings report after Wednesday’s market close; on Thursday, Nike (NKE.N) will announce its latest quarterly results. The two companies track two key themes: memory chips and consumer demand respectively.
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Bitcoin drops below $84,000, with a 0.32% decline in the past 24 hours.
According to HTX market data, Bitcoin has fallen below $84,000, with a 0.32% decline in the past 24 hours.
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A certain crypto whale that had lain dormant for four years transferred 4,500 Bitcoin, valued at $378.79 million.
According to Lookonchain’s monitoring, a crypto whale that had been inactive for over four years transferred out 4,500 Bitcoin valued at $378.79 million.
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This Week's Token Unlock Overview: SUI, EIGEN, ENA and Others to See Large One-Time Token Unlocks
According to Token Unlocks data, tokens including SUI, EIGEN, and ENA will see major unlocks this week, with UTC+8 times as follows: Falcon Finance (FF) will unlock approximately 77.14 million tokens at 9 PM on September 29, representing 2.51% of its circulating supply and valued at around $10.2 million; Collector Crypt (CARDS) will unlock about 59.26 million tokens at 3 AM on September 30, accounting for 10.62% of its circulating supply and worth roughly $10.7 million; Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM on September 30, making up 2.81% of its circulating supply and valued at about $10.8 million; Sui (SUI) will unlock around 13.26 million tokens at 8 AM on October 1, equivalent to 0.32% of its circulating supply and worth roughly $16.7 million; EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12 PM on October 1, representing 5.19% of its circulating supply and valued at around $10.3 million; Ethena (ENA) will unlock about 40.63 million tokens at 3 PM on October 2, accounting for 0.45% of its circulating supply and worth roughly $11 million; DoubleZero (2Z) will unlock approximately 1.66 billion tokens at 9 PM on October 2, making up 47.69% of its circulating supply and valued at around $114 million.
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South Korea's KOSPI index fell 1%, Samsung Electronics dropped 2.54%, and SK Hynix declined 2.82%.
According to Bitget market data, South Korea’s KOSPI index saw an intraday decline of 1.00%. Samsung Electronics fell 2.54%, while SK Hynix dropped 2.82%.
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Altcoins in the crypto market are continuing their sector rotation, with cross-chain infrastructure token QNT leading gains, GRT and W rising in tandem, and Solana ecosystem tokens rallying broadly.
According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion.
Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%.
Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).
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