International Financial market: unemployment rate expected to be down by 3.8%, Trump expects to sale $200 billion new batch on the Chinese market, Nasdaq 100 futures trade down to 0.29% or 22 points.
Here are the five best things you must know about this Friday International trade Financial market:
1. Jobs to Cement September rate hike
August employment report has forecasted the creation of nonfarm payrolls of 191,000 that would drop the unemployment rate some 3.8%. Annual average hourly pay is expected to rise about 2.7% in July. Wage inflation to remain about 3.0% in 2009. There is a possibility of another 70% rise in the December quarter, according to the Fed Rate Monitor Tool of Investing.com.
There are expectations of a really strong focus on wage inflation in the U.S. labor market that is yet to witness an upward thrust even in dire conditions. The inflation rate is expected to drop at their all-time low in the last 18 years. All this and more was reported in the August employment report at 12:30 GMT or 8:30 AM ET. The Federal Reserve is expecting the sales to rise, a quarter-point by their next meeting on September 25-26.
2. With Tariffs Still On Hold Trade Tension Shift From Japan To China
US President Donald Trump is expected to slap a new tariff batch of $200 billion on Chinese imports after the official end of the public consultation period of US on Friday. China has assured retaliation if a measure is taken in that direction. Rumor is that since then the US has expanded their tariff tactics towards Japan. The US president promising to inform all the parties involved about it, in due time.
The US President has in a form of appeasement to China made Japan pay up similar taxes too. While this is confirmed that markets of China and Japan can expect additional levies to pay the time around which they can expect the levy to come in action is still debatable. He has claimed to maintain a good relationship with Tokyo but has warned them of things changing soon.
3. Amid trade, tensions stocks head lower-Financial Market
As Wall Street closes a day earlier not only that the blue-chip Dow futures fall behind 0.25%, or 64 points, the S&P 500 futures were lost 0.22% or 6 points, while the Nasdaq 100 futures trade down to 0.29% or 22 points. European stocks are also down with the Asian stocks hitting the 14-month low earlier. The stocks of S&P/ASX have declined, registering a record-breaking low, last week that is considered to be the lowest index over a period of more than two years.
International trade has witnessed the largest decline of the week. This week has not been favorable to any stock markets that were only last week hitting the biggest high over a decade. European stocks are having the worst week so far with uncertainty rippling through global trade markets. The decline has escalated because of the heat between China and the U.S. and market weakness that dampens the appetite of an investor for taking the risk.
4. Federal Reserve policymakers on watch
This recent scare on the global market has made the government put a watch on the policymakers to ensure that they do not cause further panic with their expert opinions. They being experts would certainly give an exact interpretation of the current situation would make many-a-novice dread their impending doom. Hence, the Federal Reserve policymakers are on watch for any comment they make on U.S. employment report.
Truth always finds a way and this little discrepancy did not stop the intellects like Eric Rosengren, Loretta Mester or Robert Kaplan. They have separately discussed the Consequences of long period low-Interest Rates, market reality checks and held Q&As on energy and economy. Using their clear and precise voice they have put forward their opinion before the public in the most professional manner.
5. Oil inches up rig count data ahead of U.S.
Only steady high on Friday is the Oil which bounced back with a steady decline that lasted for 3 days. The data released on Thursday claimed that the biggest draw of US crude inventories was overshadowed by the increase of gas and distillate prices, a direct result of the summer driving season.
Market players on weekly data count of the rig have signaled further output levels of the U.S. Baker Hughes, the oilfield services firm has confirmed the rise to 862 last week.