Wall Street and FTSE dip as investors eye delayed US economic data

US stocks dipped on Monday and major European markets also fell, as investors looked ahead to the release of US economic data that was delayed by the government shutdown.

This week's calendar is packed with both postponed and scheduled economic data releases, following an end to the longest US government shutdown in history last week.

The lineup includes September's US jobs report, due to be released on Thursday. According to a research note on Monday, Deutsche Bank economists expect a sharp rebound in payrolls, forecasting headline and private payrolls to increase by 75,000, up from the 22,000 jobs added in August.

August's US construction spending data is due later today, factory orders data is slated for release on Tuesday, followed by trade balance figures on Wednesday.

The minutes from the Federal Open Market Committee's (FOMC) October meeting are also set to be released on Wednesday, which investors will be looking at closely for any clues as to central bankers' thinking when it comes to December's interest rate decision.

Richard Hunter, head of markets at Interactive Investor, said that "comments from the White House that some of the economic data which had been due during the impasse may not be released at all added to concerns about the next interest rate decision from the Federal Reserve."

In the US, the main S&P 500 slipped 0.3% higher, while the tech-heavy Nasdaq Composite fell 0.2% and the Dow Jones Industrial Average declined 0.3%.