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5 things to watch this Friday: US jobs, EZ inflation, cryptocurrencies

Published 05/01/2024, 06:44
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Investing.com - The US employment report is due today.

We will also keep an eye on inflation data in the Eurozone.

The Brent is up.

Cryptocurrencies are mixed this morning.

Here are the five factors that investors should consider when making their decisions today:

1. US jobs report

This Friday, the US employment report for December will be released. It is expected that 163,000 non-farm payrolls will be created, less than the previous month, and that the unemployment rate will have risen by one tenth of a percent to 3.8%.

2. Inflation in the Euro Zone

Today we will be watching the Euro zone CPI data for December. The inflation is expected to have risen by 3% (up from 2.4% in November and the underlying rate is expected to come in at 3.5%, which would be one tenth less than the 3.6% generated in November.

3. Cryptocurrencies and commodities

The cryptocurrency sector trades mixed. The Bitcoin is trading at 43,000 dollars and the Ethereum at 2,200.

Also watch out for the price of café de EE.UU. these days. Today it is trading at 185 dollars.

Meanwhile, futuros del oro is trading today at around 2,054 dollars.

4. Asia and the American stock market

The main Asian indices are mixed today. The Nikkei is up 0.4%, Hong Kong's Hang Seng is down 0.4% and Shanghai Composite is down 0.6%.

On Wall Street, the market also ended mixed yesterday. Of note were the closes of S&P 500 (-0.3%), Nasdaq (-0.5%) and Dow Jones (+0.03%).

5. Macroeconomic data

Among the macroeconomic references in Europe, we will highlight the CPI data at Italy and the construction PMI at France, Germany, Italy and the Eurozone.

In the US we will see factory orders and FOMC member Tom Barkin.

Translated from Spanish using DeepL.

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