The ADP gets the jobs data kick started today, when it is released at 8:15 AM ET. The expectations are for 200K today. Later the JOLTs job openings will be released at 10 AM ET with expectations at 10.300M vs 10.717M. A few months ago the markets were shocked with a near 1M decline.
The Euro pre-CPI inflation fell from 10.6% to 10.0% which was less than 10.4% estimate. Germany reported lower prices yesterday leading the way.
The 2nd cut of the GDP for the 3Q will be released with expectations of 2.8% vs 2.6% in the initial reading.
A snapshot of the other markets are showing:
Spot gold is trading up $11.32 or 0.65% at $1761.
Spot silver is up $0.30 or 1.45% at $21.53
WTI crude oil is trading at $80. That's up $1.80 from the settle price yesterday
The price of bitcoin is trading at $16,780. The low today reached $16,430. The high extended above the $17,000 level at $17,072
in the premarket for US stocks, the major indices are trading marginally higher. Yesterday the Dow industrial average rose marginally while the S&P and NASDAQ index moved lower:
Dow up 15 points after yesterday's 3.07 point rise
S&P up six points after yesterday's -6.33 point decline
NASDAQ index up 36.5 points after yesterday's -65.72 point decline
in the European equity markets, the major indices are trading higher:
German Dax +0.4%
Frances CAC +0.8%
UK's FTSE 100 +0.84%
Spain's Ibex +0.23%
Italy's FTSE MIB +0.3%
in the US debt market, yields are mixed:
In the European debt market, the benchmark 10 year yields are higher