- Futures point to higher opening of European indices in early Friday session
- Investors' attention will focus today on the NFP report from the US
- The Norges Bank decision, PMI data from the UK and the US, and ISM services data from the US may also prove to be key macro reports
Sentiment ahead of the start of today's European cash session can be described as slightly positive, which is of course related to yesterday's Apple quarterly report. The company posted better-than-expected earnings and revenue, and announced a $110 billion share repurchase program. Importantly, however, there is an important macroeconomic report ahead, which may put these sentiments to the test (positive as well as negative).
We are talking about the NFP report, which will illustrate the state of the U.S. labor market, and thus could be a key element creating further Fed decisions on interest rates. The reading is scheduled for 1:30 pm BST.
Key macro reports of Friday's session:
09:00 am BST - Norges Bank interest rate decision. Expected: 4.5%. Previously: 4.5%.
09:30 am BST - Final PMI data for the UK services sector for April. Expected: 54.9; Previously: 53.1.
01:30 pm BST - US NFP report for April.
- Change in non-farm payrolls. Expected: 245,000. Previously: 303,000.
- Change in private sector employment. Expected: 180,000. Previously: 232,000.
- Average hourly wages on an annualized basis. Expected: 4%. Previously: 4.1%.
- Average wages per hour on a monthly basis. Expected: 0.3%. Previously: 0.3%.
- Unemployment rate. Expected: 3.8% y/y. Previously: 3.8% y/y.
02:45 pm BST - PMI report for the U.S. services sector for April. Expected: 50.9 Previously: 51.7.
03:00 pm BST - ISM report for the US service sector for April. Expected: 52.0. Previously: 51.4.
- Employment sub-index. Previously: 48.5.
- Price sub-index. Previously: 53.4.
🔵 ECB Conference (LIVE)
BREAKING: US GDP slightly lower, core PCE on the rise 🗽USD reacts
BREAKING: ECB keep rates unchanged 📌 EURUSD back below 1,1700 📉 🇪🇺
BREAKING: Eurozone economy slows down unexpectedly❗️EURUSD without direction 🇪🇺
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
