All eyes on non-farm payrolls

The week has been building up to announcements for a plethora of important economic data and comments due out in this afternoon.

Many believe that today’s non-farm payroll figures will rubber stamp the Federal Reserve’s plans to start tapering its quantitative easing process, and that only an outrageously poor number could derail this. After a slight improvement in yesterday’s US unemployment claims, a low number seems highly unlikely.

The US debt market has seen ten-year US treasuries break through the 3% level, almost doubling in the last five months. This move by bond traders shows that they have almost fully factored in a ‘beginning of the end’ as far as asset purchasing is concerned.

The other key figure due out before the start of today’s US equity trading is the unemployment level, which is currently at 7.4% and not expected to change.

Yesterday saw the start of the latest G20 conference and, having being marginalised at the G7 in June, Russian president Vladimir Putin has taken full advantage of the support of the Brics nations on his home turf and set the agenda. China has been the most vocal supporter of Russia’s determination to prevent military action in Syria, though it is more likely to be the possibility of soaring oil prices rather than the humanitarian issues that are guiding their thoughts.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.