US markets were mixed overnight as investors looked ahead to today’s key employment numbers. Fears of a weaker result later today were increased after the ADP jobs data came in lower than expected, however both the weekly unemployment claims and ISM Services PMI numbers both beat expectations.
Stocks had a mixed day as treasury yields and dollar both dropped lower again whilst Oil prices ultimately closed close to flat, and Gold rallied.
It will be all about the key US employment data for traders today and many are expecting to see relatively quiet rangebound markets in the first two sessions of the day ahead of the US open, however all bets will be off after that, especially if we see any print significantly off the expected 164k monthly increase.
| Market | Change | Close |
| Dow | -0.54% | 40,755 |
| S&P | -0.30% | 5,503 |
| Nasdaq | +0.25% | 17,127 |
| USD | -0.2% | 101.08 |
| US Treasury – 2 Year | -1.6 bps | 3.754% |
| US Treasury – 10 Year | -3.2 bps | 3.736% |
| Oil – Brent | -0.01% | $72.69 |
| Oil – WTI | -0.10% | $69.15 |
| Gold | +0.9% | $2,515.93 |
Today’s Events (AEST):
US Session
- 10.30 pm – Canada – Employment Change and Unemployment Rate Data
- 10.30 pm – US – Non-Farm Employment Change Data
- 10.30 pm – US – Average Hourly Earnings Data
- 10.30 pm – US – Unemployment Rate Data
- 1.00 am – US – FOMC Member Christopher Waller Speaks
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