1. June Payrolls Expected to Rise 200,000 With Jobless Rate Steady
The U.S. Labor Department will issue what are widely considered among the most important economic numbers Friday at 8:30 AM ET (12:30 GMT) when it releases figures for June employment.
Nonfarm payrolls are forecast to have risen by 200,000 last month, compared with a rise of 223,000 in May.
2. U.S.-China Tariffs Going Into Effect
Even with the jobs numbers coming out, market volume will be low on a holiday-week summer Friday. That will make an already trade-talk-sensitive market susceptible to jawboning from either the U.S. or its allies.
The market was buoyed by reports on Thursday that the U.S. would be willing to forego any tariffs on European Union vehicles if the EU lifted duties on American autos.
Also, the tit-for-tat $34 billion tariffs between the U.S. and China go into effect tomorrow at 12:01 AM ET (04:01 GMT). China has said it will not fire the first shot, but will act in response to U.S. tariffs
3. Look out for Yield Curve Jitters
Financial stocks may see some bigger-than-usual moves, especially with the low volume tomorrow, as investors speculate about the yield curve.
The yield curve is especially important to banks, which pay out at lower short-term rates, but loan at higher long-term rates. And it hit the Fed’s radar at its June meeting.
Reference: Investing
Thai
Eng