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(Sharecast News) - Thursday will bring the release of full-year results from Baltic Classifieds and Currys, while across the pond, the latest non-farm payrolls report, unemployment rate and average earnings will be out a day early due to the Independence Day holiday on Friday.
ING expects the June payrolls to come in above 100,000 for the third consecutive month. Its call is for 110,000, versus consensus expectations of 115,000.
"That should put a floor on rate expectations, but should equally be insufficient for markets to price in two Fed hikes by year-end," ING said. "Incidentally, we are wondering how long markets will be able to ignore the gravitational pull on front-end rates from much lower oil prices."
Susannah Streeter, chief investment strategist at Wealth Club, said the report will be a gauge of how hot the economy is running.
"May's numbers came in much stronger than expected, with 172,000 new hires compared with 85,000 forecast," she noted.
"While hiring is expected to slow a little in June, the World Cup may obscure the picture, with a temporary uplift in workers needed to cater for armies of fans. So the rate of wage growth is likely to be the figure investors will lock onto, and if it beats expectations of 3.5% year on year, it could ignite fresh worries about how high interest rates may go."
The eurozone unemployment rate for May and US initial jobless claims will also be eyed.
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