Nonfarm payrolls ahead, TSMC sales top estimates - what's moving markets
Investing.com - US stock futures edge broadly lower ahead of the release of the all-important December nonfarm payrolls report on Friday. The data could have an impact on Federal Reserve interest rate expectations, with many officials at the central bank already signaling some caution around future possible cuts. Elsewhere, Taiwan Semiconductor Manufacturing Co. .
Average hourly earnings growth is also expected to cool slightly to 0.3% from the prior reading of 0.4%. Sales in the October-to-December period came in at T$868.42 billion , above analysts' estimates, Reuters reported, citing its own calculations and LSEG data.The return may contribute to a positive tone for chip demand heading into 2025, with TSMC in particular continuing to benefit from heightened capital expenditures on data centers and other AI-related infrastructure.
Deliveries in China, the world's largest automotive market and Tesla's second-biggest region, are due to begin in March, pending approval from regulators.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer's week ahead: nonfarm payrolls, PMI and earnings from AlbertsonsCNBC’s Jim Cramer on Friday walked investors through next week’s market action.
Read more »
Gold prices steady with nonfarm payrolls in focusGold prices steady with nonfarm payrolls in focus
Read more »
Live Coverage: Nonfarm Payrolls to rock on-edge markets in first big release of 2025Bond markets are reeling, uncertainty about Trump's policies is rising – and now comes the first Nonfarm Payrolls release of 2025.
Read more »
TSMC Sales Surge on Strong AI DemandTSMC's December sales skyrocketed due to robust demand from the AI industry, setting a positive tone for chip demand in 2025.
Read more »
World's biggest chipmaker TSMC posts record 2024 revenue as AI boost continuesTSMC manufacturers semiconductors for some of the world's biggest companies from Apple to Nvidia.
Read more »
TSMC's Arizona Fab Begins Production, Faces Hiring ChallengesTSMC's first Arizona fab, Fab 21, has started production of chips for AMD and Apple, but faces challenges in hiring local staff.
Read more »