Good morning traders!
It is Friday 6th of January, here are some things to look out for ahead of today's session.
It's United States Jobs Day, and the report should reveal that payrolls increased by another 202,000 in December, according to median analyst forecasts.
For a designated article on prep for the US Nonfarm payrolls release,
For the third consecutive month in December, US small business owners scaled back their hiring intentions, and a lower percentage of them had open positions.
Rates are getting closer to a high enough level in order to lower inflation, according to St. Louis Fed President James Bullard.
For the first time since August, euro-area inflation dropped back to single digits, although the fall hides underlying pressures.
8:30 AM ET
US Nonfarm Payrolls - Median Forecast: 202K | Prior: 263K | Range: 350K/70K
US Unemployment Rate - Median Forecast: 3.7% | Prior: 3.7% | Range: 3.8%/3.5%
US Average Earnings YoY - Median Forecast: 5% | Prior: 5.1% | Range: 5.2%/4.8%
Canadian Employment Change - Median Forecast: 5K | Prior: 10.1K | Range: 15K/0K
Canadian Unemployment Rate - Median Forecast: 5.2% | Prior: 5.1% | Range: 5.3%/5%
10:00 AM ET
US ISM Services PMI - Median Forecast: 55 | Prior: 56.5 | Range: 56.1/53.3
Factory Orders MoM - Median Forecast: -1% | Prior: 1% | Range: 1.5%/-1.8%
11:15 AM ET
ECB’s Lane & Fed's Bostic speak during the annual AEA meeting in New Orleans, there will be a panel discussion on the global economic outlook. Text: No. Q&A: Yes, with the Audience.
Fed's Cook participates in an inflation panel discussion at the annual AEA meeting in New Orleans. Text: Yes. Q&A: Yes, with the Audience.
12:15 PM ET
Fed's Barkin delivers his economic outlook at an event. Text: Yes. Q&A: Yes, with the Audience.
1:00 PM ET
Fed's George discusses the economic and monetary policy outlook at an event. Text: TBD. Q&A: Yes, with the Audience.
3:30 PM ET
Fed's Bostic takes part in a panel discussion on lessons from the pandemic. Text: No. Q&A: Yes, With the Audience.