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US stocks recover from initial post-NFP losses. The closely watched US jobs report saw 199k jobs added in November, up from 150k. Meanwhile, unemployment fell to 3.7%, and wages grew at 0.4%, faster than expected. The data saw investors rein in Fed rate cut bets.

EUR/USD trades at a 3-week low on rate cut bets. Oil steadies after yesterday's steep selloff, China data could limit gains.

US stocks are heading higher after US ADP payrolls came in below expectations at 103k in November from 113k. The data comes after weaker than expected JOLTS jobs openings and supports the view that the Federal Reserve could look to cut interest rates early next year. Attention now turns to US non-farm payrolls and next week's FOMC meeting.

AUD/USD continued lower for a second day after momentum turned at a key resistance level. But if seasonality remains true, it could be on for a better performance in the second half of the month. And whilst crude oil touched a 5-month low, we're on guard for a technical bounce before its next leg lower towards $70.

Stocks are heading for a second day of losses as investors look ahead to data releases ahead of Friday's key non-farm payroll and next week's FOMC meeting. Attention is on US ISM services PMI which is expected to rise and JOLTS job openings which are forecast to show a slight decline to 9.3 million. Stronger than expected data could see the market push back on Fed rate cut expectations, pulling stocks lower.

S&P 500 is heading to a lower open amid a cautious market mood. After strong gains across November, on bets that the Fed is at peak rates and could cut next year, attention now turns to economic data for clues over the Fed's next move. US factory orders are due today but the main focus will be on Friday's non-farm payroll figures. Meanwhile Uber rallies on S&P 500 inclusion news and Coinbase soars as Bitcoin hits breaks above $40k.

The commitment of traders (COT) report shows how large speculators are positioned across futures markets on the CME exchange.

US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today. His comments will come as the Fed's preferred measure of inflation cooled to 3.5% YoY in October and as the market wraps up a month of impressive gains. Optimism that the Fed could start to cut rates next year lifted the Nasdaq 100 11% this month, its best monthly gain since mid-2022.

EUR/USD struggles below 1.09 ahead of manufacturing data & Fed Chair Powell’s speech. Oil falls after OPEC+ underwhelmed.

Stocks are set to end November on a strong footing after US core PCE, the Federal Reserve's preferred inflation gauge cooled inline with forecasts. Core PCE eased to 3.5% YoY from 3.7%, supporting the view that the Federal Reserve has finished hiking interest rates. Attention now turns to NY Fed President Williams for his comments ahead of Fed Chair Powell speech tomorrow.

DAX extends gains ahead of EZ and US inflation data. Oil holds steady with the OPEC+ meeting and China data in focus.