Daily digest market movers JOLTS as appetizer for Nonfarm Payrolls
The US JOLTS Jobs Openings report for October is due at 15:00 GMT. Expectations are for an uptick to 7.48 million job openings against the previous 7.443 million.
At 17:15 GMT, Federal Reserve Bank of San Francisco President Mary Daly is interviewed at Fox Business.
Federal Reserve Governor Adriana Kugler delivers a speech about the labor market and monetary policy at an event organized by the Detroit Economic Club in Detroit near 17:35 GMT.
Closing off near 20:45 GMT, Federal Reserve Bank of Chicago President Austan Goolsbee delivers closing remarks at the Wildwest Agriculture Conference organized by the Chicago Fed.
Equities are surging across the board. Both Asia and Europe are seeing their indices tick up firmly, some of them over 1%. The German Dax even reached an all-time high of 20,000 points. US equity futures are lagging behind, still looking for direction.
The CME FedWatch Tool is pricing in another 25 basis points (bps) rate cut by the Fed at the December 18 meeting by 72.5%. A 27.5% chance is for rates to remain unchanged. The Fed Minutes and Waller’s recent comments have helped the rate cut odds for December to move higher.
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