Key Events to Watch This Week

Monday (22:30 UTC): Speech by Federal Reserve Governor Lisa Cook.

Tuesday (23:00 UTC):

U.S. December ISM Non-Manufacturing PMI

November JOLTs Job Openings

Wednesday (21:15 UTC): Release of December ADP Employment Data.

Thursday:

03:00 UTC: Minutes from the Federal Reserve’s December Monetary Policy Meeting

20:30 UTC: U.S. December Challenger Job Layoff Data

Friday (21:30 UTC):

U.S. December Unemployment Rate

U.S. Non-Farm Payroll Data (Seasonally Adjusted)

Market Sentiment and Reactions

Investors anticipate heightened market volatility as labor data and Fed meeting minutes offer insights into the central bank’s policy direction. UBS expects the labor market to cool gradually, providing the Fed with flexibility to adjust policy without drastic measures.

This week’s economic indicators, particularly the non-farm payroll report, will be crucial in shaping the Federal Reserve’s next steps and influencing broader market trends.