Markets Are Higher Ahead Of Major Jobs Report

Good morning!

Markets are modestly higher in Europe and futures for the US are in the green.

The US is currently riding a 5-day losing streak (the likes of which we haven’t seen in a while).

At 8:30 AM ET we get a very highly anticipated Non-Farm Payrolls report. This week we’ve seen a string of strong data, and interest rates have been rising, as markets begin to suspect that the Fed will soon pull the trigger on “tapering,” a reduction in the pace of bond purchases through QE.

If today’s jobs report is strong, and there’s a notable drop in the unemployment rate, those fears could easily come true.

For a full preview of today’s report, see here.

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