Analysts at TD Securities note that Friday's December jobs report from the US is likely to grab the most attetion from market participants later this week.
"In particular, if our above-consensus payrolls forecast comes to fruition: We are anticipating a very solid net gain in December at 350k."
"On the other hand, the ISM surveys are likely to suggest output continued to lose momentum during the last month of the year. This is particularly the case for the manufacturing sector."
"Lastly, we expect the December FOMC minutes to shed additional light on Fed officials' policy views for 2023. Note that at the meeting the Committee signaled broad expectations for a substantially higher terminal rate this year.""
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