According to analysts at TD Securities, in the US session nonfarm payrolls for November will provide the main risk event, with TD looking for an above-consensus 215k (market: 200k).
Key Quotes
“This reflects a return towards the 6m trend after the weather-induced volatility of Sept/Oct subsides. Wage growth will also be closely watched with year-ago growth projected to reach a new cycle high of 3.2% y/y (market: 3.1%) while both TD and the wider market expect the unemployment rate to hold at 3.7%.”
“Preliminary University of Michigan sentiment will be released at 10:00 ET with consensus looking for the headline index to edge lower to 97.0. Lastly, Governor Brainard is scheduled to speak about financial stability at 12:15 ET.”
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