Market roundup: Markets are looking for a ‘Boring NFP’ number - Tip TV
The opening segment of the today’s London open show has Marc Ostwald, Strategist at ADM Investor Services International shed light on the main data release of the day - US non-farm payrolls and wage growth figures.
Ostwald says, “The markets are looking for a boring NFP number and not something that would upend the already fragile sentiment”. While talking about the NFP figure, Ostwald says there could be headwinds from Hurricane Matthews and hence any weakness in the NFP data may not be an indication of the labor market slowdown.
Ostwald along with Presented Jenny Hammond and Tip TV’s Zak Mir discuss other key issues, including US elections, Oanda Sentiment and Broker forecasts.
Watch this segment to know if the payrolls number could impact the Fed’s decision to hike rates in December.
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