Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Friday preview: Non-farm payrolls and eurozone inflation on tap
(Sharecast News) - Non-farm payrolls will be at the top of investors' minds on Friday, after this week's minutes from the latest Federal Reserve meeting noted that the labour market was moving into a better balance. Employment indicators are being closely watched by the Fed as policymakers wait for signs of a cooling labour market before they begin to cut interest rates.
"Several participants commented that there were tentative signs of labor market imbalances improving, including declines in job openings and quits over the second half of 2022," minutes from the 13-14 December meeting revealed on Wednesday.
Friday's non-farm payrolls for December are forecast to come in at 170,000, according to the consensus forecast, below the 199,000 reported for November.
However, the ADP Employment Report on Thursday showed a much higher-than-expected increase in private-sector job creation, at 164,000 compared with the 115,000 estimate, raising some concerns of an upside surprise to the government's official figure.
Nevertheless, Kieran Clancy, senior US economist at Pantheon Macroeconomics, highlighted that the ADP report is a "deeply unreliable guide to the official payroll numbers". He explained: "Since the ADP rebuilt its methodology in August 2022, the errors relative to the official private payroll numbers have ranged from an undershoot of 337K, in January 2023, to an overshoot of 348K, last June, with a mean absolute error of 99K."
Meanwhile, jobless claims reported on Thursday fell to a three-month low of 202,000 in the week to 29 December, under the 216,000 forecast.
"Continued claims have stabilised after climbing through much of Q4, although seasonal factors are also making continued claims data harder to interpret," said Nancy Vanden Houten, lead US economist at Oxford Economics. "Nonetheless, we think the continued claims figures are consistent with other indicators showing a softening demand for labor. That should add to the Fed's confidence that inflation is on its way back to its 2% target, allowing the FOMC to begin cutting rates in May."
In other macro news,, 'flash' estimates for eurozone inflation in December will be on tap on Friday and are expected to show that core consumer price growth slowed to 3.4% from 3.6% in November. However, the European Central Bank's preferred measure of inflation, the year-on-year change in the harmonised consumer price index, is tipped to pick up to 3% from 2.4%.
TD Securities analysts explained that base effects from last year's energy subsidies will have likely propelled inflation higher last month, but the impact will only be temporary. "This does not mean inflation is about to break its downward trend - base effects should bring inflation down sharply early next year," they said.
Friday January 05
INTERIM DIVIDEND PAYMENT DATE
British Land Company, Hill and Smith, JD Sports Fashion, RS Group, Tate & Lyle
QUARTERLY PAYMENT DATE
Real Estate Credit Investments Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Factory Orders (US) (15:00)
ISM Prices Paid (US) (15:00)
ISM Services (US) (15:00)
Non-Farm Payrolls (US) (13:30)
Producer Price Index (EU) (10:00)
Retail Sales (GER) (07:00)
Unemployment Rate (US) (13:30)
GMS
MTI Wireless Edge Ltd.
SPECIAL DIVIDEND PAYMENT DATE
BioPharma Credit , BioPharma Credit
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (07:00)
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
Lok'n Store Group
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.