Today’s trading session saw traders playing safe with their positions as they await the latest US non-farm payroll data. Asian markets turned mixed returns once again, while European markets are currently in negative territory. Experts’ expectations call for jobs data to be around the 234,000 mark. Meanwhile, the Euro continues on its path of stabilization as it settles around $1.1450 and oil prices are close to ending the week on the wake of a 20% jump.
This week’s payroll numbers will be closely watched in order to estimate the impact of deflationary headwinds on wage growth. This measure of economic growth has recently become of crucial importance to Fed officials regarding the change of interest rate policy.