Watch the US jobs report: 5 key stock market indicators this Friday


By Laura Sanchez – Today, investors are keeping tabs on U.S. jobs data, one of the thermometers, along with inflation, used by the U.S. Federal Reserve (Fed) to gauge the health of the American economy.

Oil prices are down slightly on Friday after the meeting of the Organization of the Petroleum Exporting Countries ().

Cryptocurrencies are mixed this morning.

Here are the five factors investors should consider when making their decisions today:

1. US Employment Report

This Friday, at 10:30 a.m. ET (2:30 p.m. GMT), we will know the US report data for May. It is expected that 325,000 will be created, a decrease from the previous month, and the unemployment rate will fall by a tenth of a percentage point from April, to 3.5%.

2. Post-OPEC Oil Relief

Good news for oil markets. At yesterday’s OPEC meeting, it was agreed that the organization would increase daily pumping by 650,000 barrels in July and August, up from just over 430,000 barrels in recent months.

This morning crude is trading at $116 and $117.

3. Cryptocurrencies are mixed

The cryptocurrency industry trades in a mixed fashion. is trading at $30,000 and $1,800.

4. Asia and the US stock market

Positive signs today in the main Asian indices. is up 1.2%. Hong Kong and the are closed on Fridays due to public holidays.

On Wall Street, the market ended yesterday in the green. The (+1.8%), (+2.6%) and Jones (+1.3%) closed higher.

5. Macroeconomic data

Major macro benchmarks in Europe include Germany, and; in France; as well as a series of composite and services purchasing managers’ indices in , , and .

In the United States we will see the , as well as the number of oil rigs.

Follow the day’s events on our economic calendar:


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