Top 5 Things to Know in the Market on Friday-
1. Powell in focus for clarification of Fed policy stance
Federal Reserve Chairman Jerome Powell could provide further clarification on the monetary policy outlook in a scheduled appearance on Friday.
2. Employment report expected to show continued strength
The December jobs report due at 8:30 AM ET (13:30 GMT) is expected to give yet another indication of the strength of the U.S. labor market.
The jobless rate is forecast to hold steady at 3.7% with the creation of nonfarm payrolls expected to increase to 178,000.
3. Stocks bounce on hopes for U.S.-China trade talk
Global stocks got a boost on Friday as China’s commerce industry confirmed that the Beijing and Washington would hold vice ministerial level trade negotiations on Jan. 7-8.
4. Trump set to meet with Congress to negotiate border security, end to shutdown
As a partial U.S. government shutdown hit the two-week mark on Friday, U.S. President Donald Trump was set to meet with congressional leaders to work on an end to the impasse.
5. Oil prices rise ahead of U.S. inventories
Oil prices headed higher on Friday as investors looked ahead to weekly data on U.S. crude inventories.
The gain in oil prices came after China’s Commerce Ministry confirmed in a statement that the U.S. and China would begin another round of trade talks next week.
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