Ibex 35 today, Stock Market Live | The Ibex on guard ahead of US jobs report

The escalation of war in the Middle East continues to be the focus of investors’ attention, but today it may even lose its significance in the face of the most anticipated macro data of the week – the US jobs report. The previous expectation freezes the movements, and Ibex again expects news around 11,600 points. Ferrovial today stands out at the forefront of the falls.

The main catalyst of the week was the “external” appeal to the markets as to the broader scope that the Middle East conflict has acquired. Today’s agenda could change this situation and return the market’s attention to economic rather than geopolitical benchmarks. At 14:30 Spanish time, the official report appeared. employment in the USA September, the first since the Federal Reserve began cutting rates.

The labor market, along with inflation, is one of the variables that has the greatest influence on the Fed’s decisions. Thus, today’s data makes sense, on the one hand, in an economic sense and, on the other hand, in a monetary sense. Analysts’ forecasts indicate a certain stability in employment compared to the figures corresponding to August. The world’s largest economy could add about 140,000 jobs in September, up from 142,000 in August, with the unemployment rate returning to 4.2% if forecasts hold true.