Jobs Report Preview: Why A Goldilocks Report Matters For This Market
Jobs Report Preview: Why A Goldilocks Report Matters For This Market: Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Jobs Report Preview: Why A Goldilocks Report Matters For This Market
Futures are little changed as markets await the next round of news on tariffs while economic data was mixed.
Economically, Euro Zone Retail Sales missed estimates (-0.2% vs. (E) 0.0%) underscoring still tepid EU growth.
On trade, a call between Trump and Xi still hasn’t happened but most expect tariffs to be reduced when it does.
Today will be a busy day in the markets, starting with a major central bank decision as the Bank of England is expected to cut rates 25 bps.
Economically, there are two notable reports today including Jobless Claims (E: 215K) and Unit Labor Costs (E: 3.3%) and as we’ve seen the last two days, slight misses vs. expectations will be positives for stocks and bonds. On the Fed front, there are two speakers today but they won’t move markets as they both speak after the close (Logan at 5:10 p.m. ET and Waller at 7:30 p.m. ET.
Finally, on earnings, the key report today is AMZN ($1.52) after the bell.
Join thousands of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
