Stock Market News
Friday preview: US jobs report in focus
07-03-2013 17:11
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The US jobs report will be the focus of the markets on Friday and will give an indication of how the world's largest economy is faring in 2013 following the disappointing growth in the fourth quarter of last year.
The consensus forecast is for a 160,000 increase in non-farm payrolls in February, slightly ahead of the 157,000 gain the month before.
The separate ADP report on Wednesday showed that 198,000 jobs were added in February, well ahead of the 170,000 gain expected.
Meanwhile, economic figures released Thursday showed that US jobless claims came in better than expected last week: caims fell from an upwardly revised 347,000 to 340,000 last week, the third lowest figure of the last five years and well below the 355,000 consensus forecast.
"Once again, jobless claims were below 350,000 last week, which suggests the drop since the beginning of the year is a sign of things to come, rather than a temporary blip in the data," said Market Analyst Craig Erlam from Alpari.
"This should bode well when the unemployment figure is released tomorrow. As it stands, the rate is expected to remain at 7.9%, however the sustained fall in new claims suggests we could see a drop to 7.8%, especially if non-farm payrolls come in close to the ADP figure released on Wednesday."
INTERIMS
Marshalls
INTERIM DIVIDEND PAYMENT DATE
CPL Resources, Daejan Holdings
QUARTERLY PAYMENT DATE
Boeing Co, Lilly (Eli) & Co
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Industrial Production (GER) (11:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
Wholesale Inventories (US) (15:00)
Export-Import data (China)
FINALS
Aga Rangemaster Group, Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Strategic Holdingd Ltd. (Singapore)
ANNUAL REPORT
Senior
IMSS
SThree
SPECIAL DIVIDEND PAYMENT DATE
Photo-Me International
EGMS
Carpathian, Talvivaara Mining Company (CDI)
AGMS
BlackRock Commodities Income Inv Trust
FINAL DIVIDEND PAYMENT DATE
Blackrock Frontiers Investment Trust, Blackrock Income And Growth Investment Trust, Pressure Technologies, Sage Group, Treatt
UK ECONOMIC ANNOUNCEMENTS
KPMG/REC report on Jobs
BC
The consensus forecast is for a 160,000 increase in non-farm payrolls in February, slightly ahead of the 157,000 gain the month before.
The separate ADP report on Wednesday showed that 198,000 jobs were added in February, well ahead of the 170,000 gain expected.
Meanwhile, economic figures released Thursday showed that US jobless claims came in better than expected last week: caims fell from an upwardly revised 347,000 to 340,000 last week, the third lowest figure of the last five years and well below the 355,000 consensus forecast.
"Once again, jobless claims were below 350,000 last week, which suggests the drop since the beginning of the year is a sign of things to come, rather than a temporary blip in the data," said Market Analyst Craig Erlam from Alpari.
"This should bode well when the unemployment figure is released tomorrow. As it stands, the rate is expected to remain at 7.9%, however the sustained fall in new claims suggests we could see a drop to 7.8%, especially if non-farm payrolls come in close to the ADP figure released on Wednesday."
INTERIMS
Marshalls
INTERIM DIVIDEND PAYMENT DATE
CPL Resources, Daejan Holdings
QUARTERLY PAYMENT DATE
Boeing Co, Lilly (Eli) & Co
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Industrial Production (GER) (11:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
Wholesale Inventories (US) (15:00)
Export-Import data (China)
FINALS
Aga Rangemaster Group, Jardine Matheson Holdings Ltd (Singapore Reg), Jardine Strategic Holdingd Ltd. (Singapore)
ANNUAL REPORT
Senior
IMSS
SThree
SPECIAL DIVIDEND PAYMENT DATE
Photo-Me International
EGMS
Carpathian, Talvivaara Mining Company (CDI)
AGMS
BlackRock Commodities Income Inv Trust
FINAL DIVIDEND PAYMENT DATE
Blackrock Frontiers Investment Trust, Blackrock Income And Growth Investment Trust, Pressure Technologies, Sage Group, Treatt
UK ECONOMIC ANNOUNCEMENTS
KPMG/REC report on Jobs
BC
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