Daily summary: Wall Street tumbles ahead of Friday’s key jobs report

Eurozone producer price inflation slowed more than expected in November, however a PMI survey suggested construction activity in the bloc contracted at the fastest pace in over two years.

ECB's Villeroy believes that central bank should aim to reach the terminal rate by summer, but it is too early to predict what level this may be

The British FTSE 100 advanced for a third consecutive session on Thursday, closing above 7,600 pts and just shy of a fresh record closing high, driven by gains among financials, materials, and energy stocks.

Ukraine rejected Putin's Orthodox Christmas ceasefire proposal

Major indexes from Wall Street resumed downward move following upbeat data from the US labour market, which reinforced concerns that the Fed will uphold its aggressive tightening process. 

The Dow tumbles 0.85%, while the S&P 500 is trading 0.75% lower and Nasdaq fell nearly 1.0%.  Tomorrow investors will focus on the nonfarm payroll report for clues about the next move in interest rates. 

ADP report showed that private businesses created 235K jobs in December, higher than an upwardly revised 182K in November and well above market forecasts of 150K. 

Jobless claims fell to 204k, from the previous week's revised level of 223k and below analysts’ estimates of 225k.

Fed's George said the US central bank will maintain rates until 2024, while Bostic believes that despite signs that prices are moderating, there is still a lot of work to be done.

Fed’s Bullard said policy is not yet restrictive, but it will be soon with additional hikes. US GDP is likely moderating to a potential of around 2%. Inflation is likely to ease more slowly than markets anticipate. Expects the Fed to remain higher for a longer period of time in order to reduce inflation.

Amazon.com stock dropped over 1.0% after the e-commerce giant plans to shed around 18,000 jobs, which is more than initially expected.

Oil prices rose over 2.0% as stocks of crude oil in the US went up by 1.694 million barrels, more than market expectations of a 1.154 million rise, according to fresh EIA report

NATGAS plunged 11.0% to 1-year low around $3.70 after a federal report showed a smaller-than-expected storage draw.

Precious metals also fell sharply on Thursday amid a stronger dollar. Gold fell over 1.0% and pulled further away from recent high at $1865 per ounce, while silver tumbles over 2.5% and is moving towards major support at $23.00 per ounce

The dollar index jumped to 105 level for the first time since mid- December with some of the most pronounced buying activity against the British pound and risk-sensitive currencies such as the Australian and New Zealand dollars.

Major crypto currencies trade mixed, however moves are rather limited. Bitcoin rose 0.20% and trades below the $16800 level, while Ethereum fell 0.50% below the $1250 mark.