This report explains the market factors drawing attention following the release of the U.S. employment report, movements in long-term interest rates, and the release of the U.S. ISM Services PMI. The focus is on the market developments following the employment report and the release of the ISM Services PMI scheduled for tonight.
This week's focus is the market reaction following the release of the U.S. employment report, movements in U.S. Treasury yields, and the release of the U.S. ISM Services PMI. Of particular interest are the market reaction to the employment report released late last week, the trend in long-term interest rates, and how tonight's data release may shape the outlook.
The U.S. ISM Services PMI, due at 23:00, will be closely watched. Ahead of its release, movements in the dollar and interest rates following the employment report are also expected to remain under scrutiny.
Other relevant factors include the direction of the U.S. dollar, yen and euro, speculation over foreign-exchange intervention, and the implications of Japanese monetary policy.