Economic Events and Corporate Reports – Wednesday, 1st October 2025: US Shutdown, Eurozone CPI and Global PMIs

Detailed overview of economic events and corporate reports for Wednesday, 1 October 2025: the risk of a US government shutdown, new tariffs, PMI and CPI statistics in key economies, reports from major companies in the US, Europe, and Russia.

Macroeconomic Calendar (Moscow Time)

02:00 — Australia: Manufacturing PMI (September).
03:30 — Japan: Manufacturing PMI (September).
07:30 — India: Monetary Policy Committee decision (Reserve Bank of India). The base rate is expected to be maintained at 5.5%:contentReference[oaicite:5]{index=5}.
08:00 — India: Manufacturing PMI (September).
09:00 — Russia: Manufacturing PMI (September).
10:55 — Germany: Manufacturing PMI (September).
11:00 — Eurozone: Manufacturing PMI (September).
11:30 — United Kingdom: Manufacturing PMI (September).
12:00 — Eurozone: Annual CPI (September, preliminary).
15:15 — USA: ADP Employment Change (employment forecast, July).
16:00 — Brazil: Manufacturing PMI (September).
16:30 — Canada: Manufacturing PMI (September).
16:45 — USA: S&P Global US Manufacturing PMI (September).
17:00 — USA: ISM Manufacturing PMI (September); US Senate: hearing on the taxation of digital assets (Full Committee, 10:00 ET):contentReference[oaicite:6]{index=6}.
17:30 — USA: EIA Crude Oil Inventory data.
19:00 — Russia: Consumer Inflation CPI (September).

USA: Housing Market, Industry, and Trade Policy

The Pending Home Sales indicator for August again shows a cooling market: high mortgage rates are restraining demand. Weak home sales and slowing construction are negatively impacting related industries (construction, furniture, appliances).
The Dallas Fed's Business Activity Index (September) assesses the state of industrial companies in Texas. After being around zero in August, an increase or stabilisation is anticipated for September. A rise in the index into positive territory indicates improved conditions for local producers (including the oil and gas sector), while a decline will heighten concerns about pressure on industry.
The US administration has announced new tariffs: 100% on patented pharmaceuticals and 25% on heavy trucks effective from 1 October:contentReference[oaicite:7]{index=7}. Additional tariffs will affect furniture (up to 50%), plumbing, and other goods. These measures aim to protect domestic producers but may increase inflationary pressure on consumer prices.
Investors are closely monitoring housing and production data in the context of the Federal Reserve's monetary policy. A slowdown in real estate and industry will strengthen expectations for a pause or even future rate cuts (dovish policy), while unexpectedly strong indicators may reignite discussions surrounding the maintenance of "tight" financing conditions.

USA: Politics and Budget Crisis Risks

The White House is discussing funding with Congress. The deadline of 30 September is the final date for extending temporary government funding. Without a new bill, federal agencies may face a shutdown beginning 1 October:contentReference[oaicite:8]{index=8}. Past shutdowns have often created short-term volatility in markets, particularly in sectors dependent on government contracts (defence, construction, transport).
The market is closely watching updates from Washington: progress in negotiations will reduce uncertainty, while fruitless discussions increase the risk of a "risk-off" sentiment among investors. The currency market is especially sensitive to the US dollar: escalating tensions could strengthen it as a "safe haven", while a compromise could sustain a "risk-on" rally.
Another significant event is Israeli Prime Minister Netanyahu's address at the White House. Despite the geopolitical nature of the visit, any joint initiatives (such as in defence or technology) could impact stocks in the respective sectors.
The US Senate is holding a hearing regarding the taxation of digital assets (cryptocurrencies):contentReference[oaicite:9]{index=9}. This indicates ongoing discussions around the regulation of the cryptocurrency sector and may impact companies in the blockchain and fintech industries.

Global Statistics: PMI, Inflation, and Employment

Asia: In Japan and Australia, PMIs are expected to be at moderate levels, reflecting industry recovery following the summer holidays. The JPMorgan China Manufacturing PMI will be released the following day and is also in focus.
India: The Reserve Bank is expected to maintain the rate at 5.5% following today's meeting:contentReference[oaicite:10]{index=10}. In September, price growth fell to target levels, and the economy is demonstrating accelerating growth.
Europe: Preliminary PMIs for Germany, the Eurozone, and the UK will indicate production trends: weak outcomes will bolster expectations for dovish ECB policy (especially if Eurozone inflation remains low), while strong figures may alarm markets. The Eurozone Consumer Price Index (CPI) for September will be crucial for inflation forecasts for the remainder of the year.
Other regions: Brazilian and Canadian PMIs will provide insights into economic activity in Latin America and Canada, respectively. In the USA, findings from ISM and S&P Global PMIs will set the tone for the industrial sector. The ADP Employment report will indicate employment dynamics in the private sector (for July).
Russia: Factory PMIs (data from 09:00) are expected to continue indicating GDP moving onto a growth trajectory, while CPI (data at 19:00) reflects internal price growth. Yearly inflation is expected to remain within the regulator's target benchmarks.

Major Companies: Pre-Market Reports (BMO, USA and Europe)

Acuity Brands (AYI) – the American technology company (lighting and smart systems) will report its FY2025/Q4 financial results on 1 October 2025 at 6:00 ET:contentReference[oaicite:11]{index=11}.
RPM International (RPM) – the construction materials manufacturer will announce its FY2026 Q1 report before market opening on 1 October 2025:contentReference[oaicite:12]{index=12}.
Conagra Brands (CAG) – a major food producer (USA) will publish its FY2026 Q1 results in the first half of the day on 1 October 2025:contentReference[oaicite:13]{index=13}.
Additionally, in Europe, a report from the EMEIS holding (formerly Orpea) will be released in France, along with reports from US cruise operator Carnival Corporation and investment group Jefferies. Investors will evaluate revenue and profit growth, as well as plans for the upcoming quarters for these companies.

Major Companies: Post-Market Reports (AMC, USA)

Cal-Maine Foods (CALM) – the largest egg producer in the USA will publish its FY2026 Q1 report after market close on Wednesday:contentReference[oaicite:14]{index=14}. The report will cover seasonal demand for eggs and egg products.
Vail Resorts (MTN) – a leading operator of ski resorts in the USA will report its results for the nine months of 2025 (summer season) after trading. Investors will be keen on forecasts for the 2025/26 season (Epic Pass sales) and the sustainability of cash flows under rising housing and vacation costs.
After the close, reports from certain mid-sized IT and industrial companies may also emerge (e.g., Progress Software PRGS). These could influence adjacent sectors (software, IT services) through evaluations of corporate tech spending.

Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX

European Union / Euro Stoxx 50: On Wednesday, major quarterly reports from among the Euro Stoxx 50 are unlikely, thus focusing investor attention on macroeconomics (PMI, CPI) and external factors (energy prices, currency rates). In the absence of significant corporate drivers, the index will respond to the overall "risk appetite".
Japan / Nikkei 225: On Asian exchanges after the weekend (Wednesday morning), corporate reporting for the first half has long been published, and quarterly data will commence closer to the end of the month. The main factors will be global trends (US stock dynamics, yen exchange rate) and expectations for Chinese data (e.g., PMI).
Russia / MOEX: The mass reporting period (half-year results) is complete. No major publications are scheduled for 1 October. Major shareholders of Gazprom Neft approved dividends for the first half of the year on 29 September, reflecting the sector's dividend history. Movements in the MOEX index will now depend on external conditions (oil prices, geopolitics) and the dynamics of the rouble exchange rate.

Daily Summary: What Investors Should Pay Attention To

European Statistics. The value of business sentiment indices and inflation expectations in the Eurozone will set the tone for trading at the start of the day. An improvement in metrics supporting sentiment will elevate the quotations of European cyclical companies, while inflation growth (CPI) may strengthen expectations for tighter ECB policy, pressuring the market.
US Data. Weakness in housing and industrial indicators will bolster expectations for a dovish Federal Reserve monetary policy – this is favorable for growth stocks and bonds. Conversely, strong figures may increase Treasuries yields and lead to a correction in risk assets.
Washington. Political uncertainty surrounding the budget remains a key risk. Investors should closely monitor news on the progress of negotiations: a compromise will reduce the risk premium and support stocks, while a deadlock will heighten volatility and elevate demand for "safe havens". Additionally, be aware of the outcomes of the meeting with Netanyahu – defence decisions may influence the aerospace and cybersecurity sectors.
Company Reports. Results from Carnival will demonstrate the tourism recovery pace: strong revenue and an optimistic outlook will support shares in the tourism sector. Jefferies reflects trends in the investment banking business – growing commissions will improve sentiment in the financial sector. Vail Resorts will indicate the resilience of demand for leisure: confirmation of increasing pass sales and stable free cash flow will be positive for entertainment industry stocks. The market's reaction to these reports will help understand whether the focus is shifting from macro to microeconomics.
Risk Management. A multitude of significant events in a single day requires heightened attention. Volatility may increase, especially ahead of the quarter-end and payment period. Diversifying the portfolio and hedging may help mitigate risks in the face of unexpected news.