OctaFX | OctaFX Forex Broker
Open trading account
Back

US NFP: Hiring may have picked up to 188K  - CIBC

Next week, the US jobs employment report will be released. Analysts at CIBC, expect a reading of 188K in non-farm payroll and they see a limited market reaction. 

Key Quotes: 

“Hiring may have picked up to a 188K pace in December. However, job creation in Q4 overall will still have edged lower and more moderate job gains should be expected going forward as the economy approaches full employment and has to deal with a dwindling supply of workers.”

“A tighter labour market has translated into higher wages for employees and a 0.3% monthly gain in December will have left annual wage growth at a still-respectable 3.0% pace. Despite slowing job growth, higher wages and lower gasoline prices should keep consumer spending in healthy territory in the months ahead. From the Fed’s perspective, wage growth of above 3% annually is consistent with what they are comfortable with.”

“We are roughly aligned with consensus which should limit any market reaction.”
 

FTSE 100 hit a two-year Ebenezer Scrooge closing low

£76bn has now been wiped off the FTSE 100 in December alone. Investors have suffered one of their worst Decembers ever. Across the pond, the DJIA lost
Read more Previous

No Christmas cheer on Wall Street, DJIA marks worst Christmas Eve in history

U.S. indices ended on Christmas Eve at 1 p.m. Eastern Time and will stay closed on Christmas day. The Dow Jones Industrial Average DJIA marked its wor
Read more Next
Start livechat