The U.S. jobs report will be the talk of the market today.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. The big jobs report

 

The U.S. government will post September jobs data at 8:30 a.m. ET, including the unemployment rate, payroll figures and earnings.

Economists forecast that the economy added 204,000 jobs in the month.

In August, the unemployement rate dropped to 5.1%. Economists predict the rate will remain level in September.

Aside from those numbers, it's important to look at wage growth. Economists expect wages increased by 2.3%, on average, over the last year. A 2.2% boost was reported last month, but this lagged behind the Federal Reserve's target.

The Fed is widely expected to raise interest rates later this year, but Fed members have been delaying a hike as they wait for the job market to show some real strength.


2. Stock market overview



U.S. stock futures are holding steady ahead of the jobs report.

Most European markets are strengthening in early trading, while Asian markets ended with mixed results

This follows a rather uninspiring Thursday when markets did a whole lotta nothing. The Dow Jones industrial average inched down 0.1%, while the S&P 500 and the Nasdaq each notched a 0.2% gain.


3. Potential market movers

 

Micron, Wynn, T-Mobile, Experian: Shares in Micron Technology (MU) are rallying by about 7% premarket after the semiconductor firm reported earnings late Thursday that topped expectations. This was encouraging for investors who have seen the shares plummet by nearly 60% this year.

Shares in Wynn Resorts (WYNN) have suffered a similar fate in 2015 on concerns about its business in Macau. The stock is rebounding by 12% premarket.

And watch trading in T-Mobile (TMUS) and Experian (EXPGY). Experian suffered a major data breach where hackers have made off with personal information of 15 million people who applied to sign up for T-Mobile's service. T-Mobile used Experian, one of the three major credit bureaus, to conduct credit checks on its customers.


4. European Markets

 

European stocks opened sharply higher on Friday, supported by upbeat comments by European Central Bank President Mario Draghi and as investors eyed the release of U.S. jobs data later in the day.

During European morning trade, the EURO STOXX 50 rallied 1.19%, France’s CAC 40 advanced 1.32%, while Germany’s DAX 30 jumped 1.07%.

European equities strengthened after ECB President Mario Draghi said in a speech Thursday that growth in the euro zone is picking up thanks to the central bank’s accommodative monetary policy.

 

 

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

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