Tonight, Wall Street will focus on two key economic data:
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ADP employment data and initial jobless claims.
ADP employment data time: 9:15 AM
- Expectations and impact:
The market expects that 14,000 jobs will be added in December according to ADP. If the actual result is below 139,000, it will be considered a positive sign, as lower job growth may indicate a cooling labor market, which could help ease inflationary pressures and increase the chances of the Federal Reserve cutting interest rates. Conversely, if it exceeds 139,000, it may be viewed as negative.
Initial jobless claims - Time: 9:30 AM
Expectations and impact:
The market expects last week's initial jobless claims to exceed 215,000. If the actual result is above 215,000, it will be considered a positive sign, as this indicates that the labor market may be slowing down, which will help control inflation. If it is below 215,000, it may be viewed as negative.
Market expectations and reactions
The market has priced in most negative factors, so even if tonight’s data exceeds expectations, there may not be a significant drop. However, if the data comes in positive, the market may experience a significant rebound. This expectation reflects the market's sensitivity to Federal Reserve policies and its focus on the relationship between inflation and the labor market.
Overall, tonight's economic data will provide investors with important clues about the state of the U.S. economy and future policy directions, and the market will closely monitor the release of this data and its immediate impact on financial markets.#ADP小非农数据