U.S. jobs & an OPEC oil gathering

Oct 1 (Reuters) – Key U.S. jobs numbers on Friday and an OPEC+ meeting on Monday to review oil output as crude prices top $80 dollars a barrel are top of the agenda for markets as 2021 heads into the homestretch following a bumpy Q3 ride.

Here are the five stories likely to dominate the thinking of investors and traders in the coming week:

1/’DECENT JOBS’

In September, the U.S. Fed said trimming monthly bond purchases could be warranted “soon”; Chair Jerome Powell noted it’ll take one more “decent” jobs report to set the wheels in motion – not a “super-strong” one, just one that’s “reasonably good”.

Will Friday’s September nonfarm numbers – the last official jobs report before the Fed’s November meeting – do the trick?

A Reuters poll expects 500,000 jobs were added after August’s massive miss. The Fed’s $120 billion-a-month government bond buying helped the S&P 500 (.SPX) double from March 2020 lows. But tapering and rate hike prospects have lifted U.S. Treasury yields and contributed to the S&P’s 4% drop in September.

Stronger-than-expected numbers might fuel fears the Fed could wind down easy-money policies faster than anticipated, potentially causing more market turbulence.

-“Reasonably good” September jobs starts Fed taper. Is another dud coming? read more

-Surging Treasury yields batter ARK fund amid broad tech selloff read more

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Source: Reuters