US EditionStocks Bide Time Before Jobs Report, Tariff Ruling
Markets brace for a US Supreme Court ruling on tariffs and a jobs report expected to show a modest 60,000 payroll increase, influencing Federal Reserve rate decisions.
- On Jan. 7, 2026, Asian markets paused as MSCI's broadest index of Asia‑Pacific shares outside Japan slipped and investors awaited Friday's jobs report and U.S. Supreme Court tariff ruling.
- US data on Thursday showed labour demand remained sluggish, sharpening focus on Friday's December report with nonfarm payrolls forecasted at 60,000 by Reuters and 73,000 by Dow Jones, unemployment 4.5%.
- The dollar inched higher as the dollar index hovered near a one-month high, US 10-year notes yields eased, and oil prices extended gains amid supply concerns while the aerospace and defence index hit record levels on Friday.
- A court decision could dent government revenue and push Treasury yields higher, but analysts note the Trump administration may explore other ways to maintain levies.
- Markets are pricing in multiple rate cuts this year despite a divided Federal Reserve that signalled only one cut in 2026, and Jerome Powell's term ends in May with Trump expected to appoint a dovish successor, Treasury Secretary Scott Bessent said.
20 Articles
20 Articles
Stocks bide time before jobs report, tariff ruling
Asian stocks drifted lower and the dollar firmed on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court ruling on the legality of President Donald Trump's sweeping global tariffs that jolted markets last year.
Jobs OK, No Tariff News, So Up We Go
As we discussed yesterday, today had the potential to be consequential. Options on the S&P 500 (SPX) were pricing in a roughly 0.9% daily move amid a modest upside bias. As of this morning, they got the direction right, but the trading range fell a bit short of that volatility assessment despite a brief downdraft. The substantial slew of economic data was being taken generally in stride, even if the Supreme Court was not ready to issue a ruli…
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Market Report: Investors eye tariff ruling and US jobs report on Friday
Emma Wall Global markets await two key events in the US later today which could significantly impact volatility; the US jobs report and a Supreme Court ruling on the legality of Trump’s tariffs US futures look soft after yesterday’s defence-led rally, positive for the S&P 500 as Trump promised an extra $600bn in spending Rio Tinto and Glencore confirm they are in talks to create a $260bn mega merger Sainsbury’s third-quarter revenue rose 3.4% o…
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