S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe US labour market report breaks with tradition by landing on a Tuesday, but expectations are modest, with job growth seen at just 50k and little change in unemployment. Even a sizeable surprise may fail to stir markets, as data collected after the historic government shutdown is widely expected to be distorted, Commerzbank’s FX analyst Volkmar Baur notes.
November payrolls seen muted after shutdown
“Today is finally the day. And fittingly for this year, in which everything seems to be different and somewhat chaotic, the US labour market report, which is normally always released on a Friday, will be published today on a Tuesday.”
“However, we should not expect too much clarity. Our economists assume that the US economy created 50,000 new jobs in November, that hourly wages rose by 0.3% compared to the previous month and that the unemployment rate remained unchanged at 4.4%. Such a labour market report is unlikely to cause much volatility in the market.”
“However, even a labour market report that deviates significantly from expectations is likely to have only a muted impact on the market. After all, any figures reported tomorrow should be treated with caution. Bear in mind that the data was collected shortly after the longest US government shutdown in history. It is therefore to be expected that certain distortions have occured.”
