Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
U.S. macro data in focus
Following the upbeat nonfarm payrolls report on Friday, investors are expected to closely monitor a monthly report on job vacancies for further clues into the strength of the U.S. labor market.
The U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTs) report, is expected to show job openings in December rose to about 5.9m,
The dollar rose against its rivals on Monday following upbeat ISM services data showing the employment component rose to its highest level.
U.S. crude oil stockpiles to show large decline?
Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute due Tuesday.
The American Petroleum Institute reported crude oil stockpiles unexpectedly rose by 3.229 million barrels for the week ended Jan. 26.
Crude oil futures have added to the losses from last week amid ongoing concerns over rising US output.
Canadian PMI in the spotlight
Investors look ahead to the release of Canadian PMI data called Ivey PMI due Tuesday amid reports suggesting that North American Free Trade (NAFTA) negotiations turned sour after reaching an impasse over dairy trade.
The Ivey PMI, which is based on surveys with key managers in leading sectors of the economy and is considered a strong leading indicator for the economy, is expected to show a reading of 61.0 for November.
USD/CAD rose 0.73% to C$1.2519.