binance left Coinmarketcap net_left adver left

Payrolls Seen Rebounding, Eurozone CPI, GameStop NFTs - What's Moving Markets

Friday, January 7, 2022
Payrolls Seen Rebounding, Eurozone CPI, GameStop NFTs - What's Moving Markets © Reuters

By Geoffrey Smith

Investing.com -- As has been the case all week, Friday is all about jobs, with the official labor market report coming out at 8:30 AM ET. For those who prefer to focus on inflation - the Eurozone CPI hit 5% in December, raising the pressure on the European Central Bank to step off the gas. GameStop (NYSE:GME) stock is up sharply in premarket after announcing an NFT marketplace initiative, and China continues to grapple with the twin demons of a real estate crisis and Covid-19. Here's what you need to know in financial markets on Friday, 7th January.

1. All eyes on payrolls

A week of labor market data reaches its climax with the release of the official government labor market report for the month through mid-December at 8:30 AM ET (1330 GMT).

Economists expect a rise of 400,000, a bounce from November’s abnormally low 210,000, but with ADP’s private payrolls report having come in at twice that number, the risk is for an upside surprise – all the more so since the cut-off date for the survey is before the first impacts of the Omicron strain of Covid-19.

With the rest of the week’s data all pointing in the direction of higher wages, attention will also be focused on average hourly earnings, which are expected to accelerate to 0.4% growth on the month from 0.3% in November.

2. Eurozone inflation and bonds

Annual inflation in the Eurozone hit 5.0% on the year, raising on the pressure on the European Central Bank to rein in a monetary policy that is still on its pandemic-era setting of maximum stimulus.

The European Central Bank has said inflation is close to peaking, but the rise in prices isn’t confined to volatile energy and food components, or to base effects. Core consumer prices rose 0.4% on the month and 2.6% on the year.

German government bond yields, which hit their highest in nearly two years on Thursday, were flat, but spreads to peripheral bond markets continued to widen. The saving grace for the ECB is that there are fewer signs of wage pressures building in the regional economy.

3. U.S. stocks set to open higher; NFT marketplace breathes life into GameStop 

U.S. stock markets are set to open moderately higher but all will depend on the payrolls report between now and the official open an hour later.

Stocks had extended their declines on Thursday after comments by two regional Federal Reserve officials made hawkish sounding but largely familiar noises about the policy outlook.

By 6:20, By 6:xx AM ET, Dow Jones futures were up 54 points, or 0.2%, while S&P 500 futures were up 0.3% and Nasdaq 100 futures were up 0.4%. Long-term government bond yields were steady after retracing their gains on Thursday – a suggestion that the Fed’s attempts to keep inflation expectations anchored by tough talk are succeeding.

Stocks likely to be in focus later include GameStop stock, which rose 17% in premarket trading after the meme stock company announced plans to launch a marketplace for non-fungible tokens. The combination of meme stock and crypto fever was enough to breathe fresh life into one of last year's most active speculative assets, which has been in downward drift for the last eight months as its fundamentals stubbornly refuse to improve.

4. China urges banks to lend ease property loan squeeze

China's central bank called on banks to boost property lending and eased a key restriction on real estate companies, according to Bloomberg, a sign that authorities are becoming increasingly concerned about the industry’s liquidity crisis.

In previously unreported window guidance issued last month, regulators told banks to step up lending to developers after at least two quarters of consecutive declines, the agency reported, adding that the central bank will waive its 'red lines' on leverage ratios for loans that are used to fund consolidation in the sector.

China's real estate crisis is taking a back seat to its Covid-19 policy in terms of headline generation so far this year. Tech hub Shenzhen tightened mobility restrictions in an effort to clamp down on a local outbreak of the disease.

5. Oil pushes higher on supply concerns

Crude oil prices continued to push higher amid concerns about the inability of OPEC and its allies to increase production as promised over the coming weeks. Global inventories are still below historic averages, despite a dip in consumption recently due to the cancellation of thousands of flights due to Omicron-variant Covid-19

While there was some relief from the news that a major Libyan export pipeline has returned to normal operations, that doesn't solve a global problem of underinvestment in the sector to maintain production rates. Baker Hughes' drilling rig update later will cast light on the U.S. dimension of that problem.

By 6:30 AM ET, U.S. Crude futures were up 0.6% at $79.97 a barrel, while Brent futures were up 0.7% at $82.80 a barrel. 

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
25-01-2022 08:03:43 (UTC+7)

EUR/USD

1.1270

-0.0053 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

EUR/USD

1.1270

-0.0053 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

GBP/USD

1.3455

-0.0029 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

USD/JPY

114.04

+0.12 (+0.10%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

AUD/USD

0.7126

-0.0014 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2645

+0.0011 (+0.09%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

EUR/JPY

128.52

-0.47 (-0.36%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

EUR/CHF

1.0366

+0.0021 (+0.20%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Gold Futures

1,840.60

-1.10 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

23.762

-0.038 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Copper Futures

4.4015

-0.0110 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Crude Oil WTI Futures

83.23

-0.08 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

Brent Oil Futures

85.47

+0.04 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

Natural Gas Futures

3.796

-0.079 (-2.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

US Coffee C Futures

237.95

+5.00 (+2.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Euro Stoxx 50

4,077.45

+23.09 (+0.57%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

S&P 500

4,410.13

+12.19 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,105.79

+94.66 (+0.63%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

FTSE 100

7,366.93

+69.78 (+0.96%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (1)

Sell (9)

Hang Seng

24,243.61

-412.85 (-1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

US Small Cap 2000

2,030.04

+42.12 (+2.12%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,497.50

+79.70 (+0.95%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (5)

BASF SE NA O.N.

65.145

+0.885 (+1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

50.72

+0.72 (+1.44%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Allianz SE VNA O.N.

219.97

+3.37 (+1.56%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Adidas AG

240.07

-0.68 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Deutsche Lufthansa AG

6.713

+0.153 (+2.33%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Siemens AG Class N

137.75

+0.31 (+0.23%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

Deutsche Bank AG

10.942

+0.182 (+1.69%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

 EUR/USD1.1270↑ Sell
 GBP/USD1.3455↑ Buy
 USD/JPY114.04Sell
 AUD/USD0.7126↑ Sell
 USD/CAD1.2645Neutral
 EUR/JPY128.52↑ Sell
 EUR/CHF1.0366↑ Sell
 Gold1,840.60↑ Buy
 Silver23.762↑ Buy
 Copper4.4015↑ Sell
 Crude Oil WTI83.23↑ Sell
 Brent Oil85.47↑ Sell
 Natural Gas3.796↑ Sell
 US Coffee C237.95↑ Buy
 Euro Stoxx 504,077.45↑ Sell
 S&P 5004,410.13↑ Buy
 DAX15,105.79Sell
 FTSE 1007,366.93Neutral
 Hang Seng24,243.61↑ Buy
 Small Cap 20002,030.04↑ Buy
 IBEX 358,497.50Neutral
 BASF65.145↑ Buy
 Bayer50.72Sell
 Allianz219.97Neutral
 Adidas240.07↑ Sell
 Lufthansa6.713Sell
 Siemens AG137.75↑ Sell
 Deutsche Bank AG10.942Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,245
(25/ 35) # 1,202
SJC HCM6,190/ 6,255
(40/ 45) # 1,211
SJC Hanoi6,190/ 6,257
(40/ 45) # 1,213
SJC Danang6,190/ 6,257
(40/ 45) # 1,213
SJC Nhatrang6,190/ 6,257
(40/ 45) # 1,213
SJC Cantho6,190/ 6,257
(40/ 45) # 1,213
Cập nhật 25-01-2022 08:03:45
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,839.76-3.78-0.20%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$83.23+0.750.89%
Brent$85.75+0.610.71%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.914,3926.311,12
GBP29.734,0431.003,87
JPY192,65203,94
KRW16,3519,92
Cập nhật lúc 18:49:50 25/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right