- Reuters/Jorge Cabrera
Here is what you need to know.
It’s jobs day in America. The US economy is expected to have added 195,000 nonfarm jobs with the unemployment rate holding at 4.1%, according to Wall Street economists surveyed by Bloomberg.
The UK agrees to a Brexit divorce deal with the European Union. “I believe we have now made the breakthrough we needed,” the European Commission’s president, Jean-Claude Juncker, said in a joint press conference with UK Prime Minister Theresa May.
Japan’s economy grew way faster than first thought in the third quarter. The Japanese economy grew at a 0.3% quarter-over-quarter clip, double the pace initially reported, data from Japan’s Cabinet Office showed.
China’s trade surplus swells. Imports surged by 17.7% in US dollar terms while exports grew by 12.3%, causing China’s trade surplus to swell to $40.21 billion from October’s print of $38.17 billion, according to China’s General Administration of Customs.
Bitcoin tumbles off its highs. The cryptocurrency trades down 16.79% at $14,012 a coin after hitting a high of $17,252 on Thursday evening, Markets Insider data shows.
Goldman Sachs will clear bitcoin futures for some of its clients. Bitcoin futures are set to go live at the Cboe Futures Exchange on Sunday, and Goldman Sachs will clear trading for some clients on a case-by-case basis, according to a person familiar with the plans.
The GOP tax plan could add billions to Amazon, Facebook, and Google’s bottom lines. Cowen estimates the tech giants will save a combined $4.5 billion on taxes in 2018 thanks to the GOP tax bill.
Stock markets around the world are higher. Japan’s Nikkei (+1.39%) led the advance in Asia, and Germany’s DAX (+1.44%) paces the gains in Europe. The S&P 500 is set to open up 0.31% near 2,645.
Earnings reports trickle out. Johnson Outdoors reports ahead of the opening bell.
US economic data aside from the jobs report is light. Wholesale inventories and University of Michigan consumer confidence will be released at 10 a.m. ET. The US 10-year yield is up 2 basis points at 2.39%.