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Jolts Job Openings Factory Orders Data In Focus For Wednesday

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JOLTs Job Openings, Factory Orders Data in Focus for Wednesday

Market Movers

  • JOLTs Job Openings: Forecast: 10.3 million; Previous: 10.46 million
  • Factory Orders: Forecast: -0.2%; Previous: 0.3%

Key Points

JOLTs Job Openings:
  1. Measures the number of available job openings at the end of the month.
  2. A high reading suggests a strong labor market with ample job opportunities.
  3. A low reading indicates a weaker labor market with limited job growth.
Factory Orders:
  1. Reflects the value of new orders received by manufacturers.
  2. A positive reading indicates an increase in manufacturing activity.
  3. A negative reading suggests a decline in manufacturing production.

Market Impact

Positive readings in both JOLTs Job Openings and Factory Orders are generally favorable for risk assets such as stocks. They indicate a strong economy with rising employment and manufacturing activity, which can boost corporate earnings. Negative readings, on the other hand, can weigh on risk assets. They suggest a slowing economy and diminished business investment, which can hurt corporate profits.

Traders' Takeaway

Traders should monitor the release of these data points on Wednesday to assess their impact on the market. View the Economic Calendar for more market-moving events. ```


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