Investing.com
Published Oct 01, 2020 15:54
Updated Oct 01, 2020 16:14
By Christiana Sciaudone
Investing.com -- To stimulus or not to stimulus. That is the question the market keeps asking, and Washington can't seem to get its act together long enough to give a straight answer.
Here are three things that may move markets tomorrow:
1. Jobs again
The unemployment rate out at 8:30AM ET (1230 GMT) is expected at 8.2% for September, compared to 8.4% for August. The figure peaked in May at 14.7%.
The widely watched nonfarm payrolls come at the same time. The forecast is for 850,000 for September, compared to 1.3 million for August. Nonfarm payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
2. Consumer sentiment
The University of Michigan Consumer Sentiment Index is forecast at 79 for September, versus 78.9 the previous month. The index rates the relative level of current and future economic conditions.
3. Back to the Hill
The coronavirus brings us back to Capitol Hill, where Health and Human Services Secretary Alex Azar is slated to appear before a Congressional committee to testify on the virus situation as U.S. numbers bounce back up.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.