Monday's Market: In A New York Instant, Everything Can Change

Matteo Radaelli submits: Our estimates on U.S. economic data due for release during the next week:Chicago PMI (Monday, Jan. 31), ISM manufacturing index (Tuesday, Feb. 2) – Both the Chicago PMI and the ISM manufacturing index rose in December – to 66.8 and 57 respectively – confirming that the short term outlook for the industrial sector remains positive.

Ahead of today's latest "good news is great news, bad news is better" NFP release, here is what Wall Street banks expect will be reported in just over half an hour's time: HSBC 175K Goldman Sachs 175K Citigroup 185K JP Morgan 200K Deutsche Bank 200K Bank of America 225K Barclays 225K UBS 230K More:

By David Fry (ETF Digest): Chinese manufacturing data improved in October. Meanwhile, Japan is in full QE mode. Europe liked the blizzard of U.S. data, thinking it might spill across the pond. The IMF said a Greek deal is on the horizon ("Lost Horizons"?). U.S.

Frederic Ruffy submits: SentimentStocks are trading mixed following a busy day of economic news. Equity markets moved broadly higher across Asia and Europe Thursday, which helped set a positive tone for morning action on Wall Street. Employment data was also in focus after data showed weekly jobless claims falling a better-than-expected 10,000 to 453,000 in the period ended May 22. Economists were looking for a drop of only 5,000.

The Bureau of Labor Statistics is back at it tomorrow, releasing the September jobs report postponed during the government shutdown. Here's a quick tally of what economists are expecting:

Thanks to the government shutdown, the Bureau of Labor Statistics will not publish the September U.S. jobs today. But here's a quick tally of the market economists' expectations:

Below are the expectations of the biggest banks for today's Nonfarm Payroll number to be announced in just over two hours: Morgan Stanley +135K Barclays Capital +150K Goldman Sachs +150K Bank of America +160K JPMorgan +165K HSBC +179K Deutsche Bank +180K UBS +190K A quick and dirty summary from RanSquawk:

By David Fry (ETF Digest): We could start by noting Chinese Manufacturing Growth fell to 50.4 vs 53.3 previously. Of course, that's not impressive. The star of the show was the U.S. The nonfarm payroll data (aka unemployment report) laid an egg.