5 Factors to Follow in the Markets Today By Investing.com

5 Factors to Follow in the Markets Today By Investing.com
5 Factors to Follow in the Markets Today By Investing.com

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Investing.com – The US Private Sector for September will be released this afternoon, one of the US Federal Reserve’s (Fed) thermometers for measuring the health of the US economy. The US Senate has approved a new temporary debt ceiling, while Asian and US stock exchanges give sentiment a positive tone. Here are the top five factors to follow in the markets today:

1. Non farm payrolls

Non-agricultural payrolls (consensus +500,000) will be published at 2.30pm CEST after Wednesday’s ADP figures beyond expectations. As for the unemployment rate, it is estimated to drop to 5.1%. Non-farm payrolls is another of the US Federal Reserve’s (Fed) thermometers, along with, for evaluating its monetary policy strategy.

2. New “debt ceiling”

The United States Senate has managed to pass a law to temporarily increase the federal government’s debt limit. The Senate voted 50-48 in favor of the bill after weeks of bipartisan negotiations.

The $ 480 billion increase to above the current $ 28.4 trillion ceiling will expire on December 3, the same day that funding for most federal programs expires under an interim agreement approved by the United States. beginning of October.

3. up

The lull in the commodities sector was short-lived after Russia pledged to supply more natural gas to Europe. This morning, WTI crude oil rose 1.4% to $ 79.39 per barrel, while it rose to $ 83 (+ 1.4%) on the levels of 2018 reached during the week.

4. Bags

Mixed trend on the main Asian indices: the is up by 1.6%, the Hong Kong down by 0.3% while it is up by 0.6% after 4 days of closure.

As for Wall Street, the closures of (+ 0.8%), (+ 1%) and (+ 0.9%) stand out.

5. Macro data

In the macroeconomic agenda of this Friday, attention to Germany, the minutes of the Bank of England and the new speech by Christine Lagarde, president of the ECB. For the United States, in addition to the NFPs, we will know Baker Hughes’ wholesale stocks and the number of oil rigs.

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