Tonight at 20:30, the non-farm data becomes the market focus! Expectations of interest rate cuts and the US stock market holiday have a dual impact
1. Tonight at 20:30, the US non-farm employment data will be released!
The previously reported value was 139,000, and the market expects it to decrease to 110,000, with the unemployment rate expected to rise to 4.3%.
It is worth noting that last night's 'small non-farm' data performed poorly, significantly enhancing market expectations for an interest rate cut by the Federal Reserve.
This non-farm data will be an important basis for judging whether the Federal Reserve will cut rates in July, although mainstream institutions still believe a 25 basis points cut may happen in September, and there is still a lot of uncertainty in the data results!
2. Additionally, US stocks will close early at 1 PM Eastern Time on Thursday, and trading will be paused from Friday to Sunday, which may significantly reduce short-term liquidity and noticeably increase holding risks.