Last week, the US dollar strengthened against the basket of world currencies. On Friday, December 8, the US published an ambiguous report on the labor market. In November, 228,000 new jobs were created in the non-agricultural sector of the country, which is higher than the market expectations of 200,000. At the same time, the average hourly wage increased by 0.2%. Experts expected the growth of the index by 0.3%. The unemployment rate remained unchanged at 4.1%. The dollar index (#DX) closed the trading session with a slight increase (+0.11%).
Participants of the financial markets are expecting the Fed's meeting, which will be held on December 13. Most experts expect that the regulator will raise its key interest rate by 25 basis points to 1.50%. At the moment, the probability of tightening the monetary policy exceeds 90%. It is necessary to pay attention to the comments and rhetoric by the representatives of the Central Bank. The Fed may point to further pace of interest rate hikes.
The "black gold" prices are consolidating. Investors expect an additional driver. At the moment, futures for the WTI crude oil are being traded in the range of $57.00-$57.25 per barrel.
On Friday, the major US stock indices closed in the positive zone: #SPY (0.55%), #DIA (0.52%) and #QQQ (0.44%).
At the moment, the 10-year US government bonds yield is at the level of 2.37-2.38%.
The news feed on 2017.12.11:
Today, the publication of important economic reports is not planned. At 17:00 (GMT+2:00) the data on the number of open jobs in the JOLTS labor market will be released.