Economic calendar: Jobs data from US and Canada

7:43 AM 8 July 2022

• European markets set for mixed opening

• NFP report for June at 1:30 pm BST

• Jobs data from Canada 

Futures markets point to a mixed opening of today's European cash session. Despite the sad news regarding the assassination attempt of the former prime minister of Japan Shinzo Abe, Asian indices moved mostly higher, following lead from Wall Street indices.  

The day ahead is all about jobs data. US and Canadian labour market reports will be released simultaneously at 1:30 pm BST. Market's attention will be focused primarily on US data, which are expected to show another month of strong hiring (although weaker compared to May), bolstering the case for another strong rate increase from the Federal Reserve. On the other hand, ISM services employment subindex and weekly jobless claims pointed to weakening labour market, therefore today's NFP report may turn out to be a disappointment.

1:30 pm BST - US, NFP report for June.

  • Non-farm payrolls. Expected: 268k. Previous: 390k
  • Wage growth. Expected: 5.0% YoY. Previous: 5.2% YoY
  • Unemployment rate. Expected: 3.6%. Previous: 3.6%

1:30 pm BST - Canada, jobs market report for June.

  • Employment change. Expected: 23.5k. Previous: 39.8k
  • Unemployment rate. Expected: 5.1%. Previous: 5.1%

Central bankers' speeches

  • 2:00 pm BST - NBP Governor Glapiński
  • 1:55 pm BST - ECB Lagarde
  • 5:00 pm BST - Fed Williams
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