America's service industries expanded in September

• European stock markets lost up to 0.5% with Spain underperforming (-2%) as sources indicated that Catalonia will declare independence on Monday. US stock markets opened with minor losses.

• The pace of hiring in the US private sector slowed to its weakest pace in 13 months last month, as Hurricane Irma and Harvey disrupted businesses across a large swath of the south-eastern US. Non-farm private employers added 135,000 jobs from August to September, according to a report from payroll processor ADP.

• America's service industries expanded in September at the fastest clip in 12 years (from 55.3 to 59.8), signalling vibrancy across the bulk of the economy following two major hurricanes, a survey from the ISM showed.

• Catalonia will move on Monday to declare independence from Spain, a regional government source said, as the EU nation nears a rupture that threatens the foundations of its young democracy and has unnerved financial markets.

• Firms in the UK's important services sector reported better than expected growth in September (53.6 from 53.2) in the closely-watched PMI survey, but warned of potential difficulties ahead as new business growth fell to its lowest level in more than a year. The final EMU services PMI was upwardly revised from 55.6 to 55.8.

• President Donald Trump's tax plan would let US companies take bigger, faster deductions on capital investments, a step some experts said would deplete Washington's policy arsenal by using up a tax break normally reserved for fighting recessions.

• President Vladimir Putin said Russia may agree to extend a deal with OPEC to curb oil supplies beyond March to the end of 2018, though he'll wait to make a decision until nearer the end of the existing pact.

• The ECB's supervisors want lenders to be fully covered against losses from new loans that have gone sour, in a move that could hurt credit creation in weaker economies in the region.

• The National Bank of Poland kept its policy rate unchanged at 1.5%. NBP governor Glapinski holds a press conference later today.

• A month before a snap parliamentary election, Iceland's central bank cut its key interest for the fifth time in little more than a year, from 4.5% to 4.25%, in a move to offset the impact of lower inflation. The Reserve Bank of India kept its policy rates unchanged at 6%.

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