The US labour market report and non-farm payrolls will be due on 1230 GMT Friday
- Trade war focus will cause volatile trading days, but data-wise most important focus is NFP
- Average hourly earnings could prove crucial
- Market is watching closely for any signals that demand-led pressure on inflation could increase
- ISM manufacturing index showed prices paid surged to 78.1 from 74.2
- That could be an indication that underlying inflation is rising in the US economy
Some comments by Rabobank's research team. Not surprising to any one that the focus will be on the wages data, and the report they are mentioning was also one that Adam highlighted as well (with similar commentary) yesterday here.
Average hourly earnings is expected to come in at +2.7% y/y this time around, an increase from +2.6% y/y in February.
