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7:17 AM · 4 December 2020

Economic calendar: Markets wait for NFP report

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  • European markets expected to slightly lower

  • Labour market data from US and Canada

News saying that Pfizer will ship half of coronavirus vaccine doses it had originally planned has triggered some risk-off moves by the end of the US session yesterday. Nevertheless, futures market managed to recover most of the losses during the overnight trade. European markets are seen opening slightly lower today as investors await labour market data from the United States (1:30 pm GMT). ADP reading on Wednesday hinted at continued slowdown in US labour market recovery.

9:00 am GMT - Italy, retail sales for October. Expected: 0.2% MoM. Previous: -0.8% MoM

1:30 pm GMT - US, NFP report for November.

  • Non-farm payrolls. Expected: 469k. Previous: 638k

  • Wage growth. Expected: 4.3% YoY. Previous: 4.5% YoY

  • Unemployment rate. Expected: 6.8%. Previous: 6.9%

1:30 pm GMT - Canada, labour market data for November.

  • Employment change. Expected: 20k. Previous: 83.6k

  • Unemployment rate. Expected: 8.9%. Previous: 8.9%

3:00 pm GMT - US, factory orders for October. Expected: 0.8% MoM. Previous: 1.1% MoM

Central bankers' speeches

  • 2:00 pm GMT - Fed Evans

  • 4:00 pm GMT - Fed Kashkari

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