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Friday's agenda- US non-farms to dominate the headlines

Employers added 257,000 jobs in December, way ahead of the 211,000 forecast by the market.
Investors will use the non-farms as a guide to when the Fed will raise interest rates again

The big news on Friday will be the eagerly anticipated release of the US non-farm payrolls later in the day.

As expected, the minutes of the latest meeting of the US Federal Reserve contained no significant new information about the timetable for the interest rate hike cycle on Wednesday.

But investors will be on the lookout for any clues on when (or if) another Fed rate hike is likely.

Earlier this week, Automatic Data Processing (ADP) figures, often a pre-cursor for the payroll data, showed private-sector employment gains in the US ramped up last month.

Employers added 257,000 jobs in December, way ahead of the 211,000 forecast by the market.

It suggests the U.S. labour market remains on solid ground despite signs of weakness elsewhere around the globe.

Investors will be hoping for more of the same on Friday, with consensus forecasts for the pay-roll figures to be around 215,000, though if the ADP numbers are anything to go by, this could be blown out of the water.


Significant announcements expected:

Economic: UK – Merchandise trade; US – Non-farm payrolls 


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