U.S. Job Report Likely to Show Hot 2020 Start, Cooler Past
Annual revisions also due Friday are anticipated to trim the robust job gains of recent years. A preliminary projection released in August showed the number of workers added to
payrolls will likely be revised down 501,000 in the year through March, or almost 42,000 a month. Friday’s report will include historical revisions for all of 2019. (BBG)
165k new Jobs created is expected Whisper number a bit higher, Watch Average hourly earnings as the Feds is all about Inflationary signals. Warmer Weather Is cause for possibility of stronger jobs gains in Construction and manufacturing. Post-Christmas layoffs rarely cause and significant fluctuations in report
Worries creeping back in to Sentiment as A cruise Ship of Coast of Japan with 2000 passengers shows 61 passengers with the Virus, a few American’s are infected .The passengers are quarantined to their room for 23 hours a day (NYT) A second cruise ship docked off the coast of the New Jersey is being tested for the virus, so a bit of angst back into risk on Friday morning.
President Trump spoke with Chinese president Xi, Trump Announced that Xi will be successful in stopping Spread of Virus so there is that.
Spoos and Risk a Bit Lower Bonds small Bid Dollar higher and Euro a touch lower
• Fed will release semiannual outlook on economy at 10:00 Powell will use this for next week’s Testimony to congress
• German Industrial production touched 11 year lows oomph
• Burberry lowering sales forecast due to less Chinese demand