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All eyes on the US jobs report now
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The non-farm payrolls release is the only game in town for markets today, with little else to distract from it.
After a much softer June figure, the non-farm payrolls estimate for July is expected at +80k.
It wasn't the case in the June report (pending today's revision though) with leisure & hospitality or food & drinking places showing weaker signs instead.
Here's the list as provided by MNI Markets:In terms of impact, it's all about how the jobs report today will change the outlook for the Fed.
As things stand, traders are pricing in ~63% odds of a move in September by the Fed.