- Wall Street futures with limited runs ahead of key data.
- Attention focused on the US December employment report.
- The dollar remains firm in the market, the yen weakened.
- Metals and oil are lukewarmly recovering ground.
Wall Street futures are trading mixed terrain, while stocks in Europe are up modestly. The focus is on the figures coming from the US labor market. The dollar remains firm and metals try to recover from Thursday’s low.
Waiting for more data
In Asia, the Nikkei 225 rose 0.59% and the Hang Seng fell 0.29%. In Europe, the FTSE 100 is up 0.26% and the CAC 40 is up 0.23%. The S&P 500 closed sharply lower on Thursday of 1.16% and futures on Friday are up 0.02%. The Dow Jones and Nasdaq are little changed ahead of time, with limited action ahead of the key jobs data.
The actions of Bed Bath & Beyond fell 29% on Thursday after a Wall Street Journal report that the company will file for bankruptcy in days. In the premarket they fell more than 10%. Tesla falls more than 5% in the previous one. You enter the ones that rise the most i know phillips Y Coca Cola with an advance of 0.40% and 0.29% respectively.
The Eurozone It confirmed what the data from the countries anticipated of a drop in inflation. The annual rate of the Eurozone Consumer Price Index rose to an annual rate of 9.2% in December, after 10.1% in November. The data was less than the 9.7% market consensus. On the negative side, the core CPI increased 0.6% in December, against an expected drop of 0.1%, and rose at a record pace of 5.2% from a year ago.
13:30 GMT will be the key moment of the day with the publication of the official employment report for December in the United States. The market consensus is for nonfarm payrolls to rise to 200,000 and the unemployment rate to remain at 3.7%. The data is expected to have a broad impact on the market, from stocks to bonds and the dollar. It will be an ingredient to analyze the next steps of the Federal Reserve and above all the expectations in the medium term. In addition to the labor market data, the ISM for the services sector will be released and several Fed officials (Bostic, Cook, Barkin and George) will speak.
On Thursday there was an increase in private sector jobs measured by ADP of 235,000, which exceeded expectations and contributed to the dollar strengthening in the market. The dollar index (DXY) is up for the second day in a row and is at its highest in almost a month at the 105.50 area. EUR/USD is trading below 1.0500 and GBP/USD at 1.1840. USD/JPY continues uphill and surpassed 134.50, confirming the current rebound. The Bank of Japan made a new purchase of bonds.
USD/CAD extends the bounce from 1.3470 and is approaching 1.3650. In Canada, the employment report will also be published on Friday. A positive variation in employment of 8,000 is expected and the unemployment rate to rise from 5.1% to 5.2%.
The advance of dollar it is also against emerging market currencies. In this group, the Mexican pesowhich is one of the few to show positive weekly results against the greenback.
The cryptocurrencies they are falling on friday in general. Bitcoin it trades at $16,730 and Ethereum at $1,240. The Petroleum It moves sideways with no clear direction near recent lows. The barrel of WTI is located near $73.50. Metals regain some of the ground lost on Thursday, with gold at $1,835 and silver at $23.40.
technical levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
