Are Negative Rates Coming to the U.S.?
What’s in Today’s Report:
- What Negative Rates Could Mean for Markets
- Jobs Day
Futures are modestly higher following positive headlines regarding U.S./China trade discussions.
The U.S. and China held a trade call Thursday night and stated that “good progress” was being made towards implementing phase one of the trade deal, and that headline is helping to improve sentiment towards recent coronavirus related U.S./China tension.
Economic data was light and did not moving markets as focus is on this morning’s jobs report.
Today focus will be on the jobs report and the expectations are as follows: Jobs: -21.25MM, UE Rate: 16.3%, Wages: 0.3%). As long as the numbers are close to those estimates, stocks will be able to look past the historically awful jobs report and continue the rally.