Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

5 things to watch this Friday: US jobs, EZ inflation, cryptocurrencies

Published 05/01/2024, 06:44
Updated 05/01/2024, 06:44
© Reuters

Investing.com - The US employment report is due today.

We will also keep an eye on inflation data in the Eurozone.

The Brent is up.

Cryptocurrencies are mixed this morning.

Here are the five factors that investors should consider when making their decisions today:

1. US jobs report

This Friday, the US employment report for December will be released. It is expected that 163,000 non-farm payrolls will be created, less than the previous month, and that the unemployment rate will have risen by one tenth of a percent to 3.8%.

2. Inflation in the Euro Zone

Today we will be watching the Euro zone CPI data for December. The inflation is expected to have risen by 3% (up from 2.4% in November and the underlying rate is expected to come in at 3.5%, which would be one tenth less than the 3.6% generated in November.

3. Cryptocurrencies and commodities

The cryptocurrency sector trades mixed. The Bitcoin is trading at 43,000 dollars and the Ethereum at 2,200.

Also watch out for the price of café de EE.UU. these days. Today it is trading at 185 dollars.

Meanwhile, futuros del oro is trading today at around 2,054 dollars.

4. Asia and the American stock market

The main Asian indices are mixed today. The Nikkei is up 0.4%, Hong Kong's Hang Seng is down 0.4% and Shanghai Composite is down 0.6%.

On Wall Street, the market also ended mixed yesterday. Of note were the closes of S&P 500 (-0.3%), Nasdaq (-0.5%) and Dow Jones (+0.03%).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

5. Macroeconomic data

Among the macroeconomic references in Europe, we will highlight the CPI data at Italy and the construction PMI at France, Germany, Italy and the Eurozone.

In the US we will see factory orders and FOMC member Tom Barkin.

Translated from Spanish using DeepL.

Latest comments

yeah..I am interested..But I don't know how I can do this !!
+27671120332
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.