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Investing.com – Markets are focusing in on the impending publication of the November U.S. nonfarm payroll report, a highly-anticipated data point that may shed more light on the state of the American labor market and serve as a signpost for the Federal Reserve’s future policy choices. Elsewhere, Apple (NASDAQ:) and its suppliers are reportedly aiming to move a quarter of global iPhone production to India, as the tech giant looks to reduce its reliance on China during a time of strained relations between the U.S. and Beijing.
1. November nonfarm payrolls ahead
The spotlight on Friday is squarely on the latest U.S. employment report, with investors hoping that the data will provide some clues into the Federal Reserve’s upcoming monetary policy decisions.
Economists estimate that the U.S. 180,000 roles in November, increasing slightly from 150,000 in the prior month. , a key gauge of wage growth, are seen rising at a monthly pace of 0.3% versus October, accelerating marginally from a previous reading of 0.2%. The in the world’s largest economy, meanwhile, is expected to come in at 3.9%, matching October’s level.
The figures will cap off a week of data releases…
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