The U.S. jobs report will be the talk of the market today.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. The big jobs report

 

The U.S. government will post September jobs data at 8:30 a.m. ET, including the unemployment rate, payroll figures and earnings.

Economists forecast that the economy added 204,000 jobs in the month.

In August, the unemployement rate dropped to 5.1%. Economists predict the rate will remain level in September.

Aside from those numbers, it's important to look at wage growth. Economists expect wages increased by 2.3%, on average, over the last year. A 2.2% boost was reported last month, but this lagged behind the Federal Reserve's target.

The Fed is widely expected to raise interest rates later this year, but Fed members have been delaying a hike as they wait for the job market to show some real strength.


2. Stock market overview



U.S. stock futures are holding steady ahead of the jobs report.

Most European markets are strengthening in early trading, while Asian markets ended with mixed results

This follows a rather uninspiring Thursday when markets did a whole lotta nothing. The Dow Jones industrial average inched down 0.1%, while the S&P 500 and the Nasdaq each notched a 0.2% gain.


3. Potential market movers

 

Micron, Wynn, T-Mobile, Experian: Shares in Micron Technology (MU) are rallying by about 7% premarket after the semiconductor firm reported earnings late Thursday that topped expectations. This was encouraging for investors who have seen the shares plummet by nearly 60% this year.

Shares in Wynn Resorts (WYNN) have suffered a similar fate in 2015 on concerns about its business in Macau. The stock is rebounding by 12% premarket.

And watch trading in T-Mobile (TMUS) and Experian (EXPGY). Experian suffered a major data breach where hackers have made off with personal information of 15 million people who applied to sign up for T-Mobile's service. T-Mobile used Experian, one of the three major credit bureaus, to conduct credit checks on its customers.


4. European Markets

 

European stocks opened sharply higher on Friday, supported by upbeat comments by European Central Bank President Mario Draghi and as investors eyed the release of U.S. jobs data later in the day.

During European morning trade, the EURO STOXX 50 rallied 1.19%, France’s CAC 40 advanced 1.32%, while Germany’s DAX 30 jumped 1.07%.

European equities strengthened after ECB President Mario Draghi said in a speech Thursday that growth in the euro zone is picking up thanks to the central bank’s accommodative monetary policy.

 

 

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

 

 

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Dunkin' Brands Group Inc said it would shut 100 Dunkin' Donuts stores in the United States in 2015 and 2016, sending the company's shares down almost 13 percent on Thursday.

The company also maintained its full-year forecast of adjusted earnings of $1.87-$1.91 per share, according to an investor day presentation.

Analysts on average were expecting earnings of $1.92 per share, according to Thomson Reuters I/B/E/S.

 

 

 

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U.S. stocks fell in early trading on Thursday as a sharp decline in Apple's (O:AAPL) shares weighed on the three major indexes.

Apple was down 2.1 percent at $107.9 at 10:06 a.m. ET, erasing opening gains for U.S. stocks.

Global markets were upbeat after data from China was not as bad as feared and investors awaited a barrage of U.S. data.

Factory activity in China shrank again in September, leading some investors to believe that the government will be more aggressive in its measures to boost the health of the world's second-largest economy.

Global investors will be looking to put a bruising quarter behind them – U.S. stocks posted their worst quarter in four years, while the Shanghai stock market plunged about 25 percent.

"Historically, the third quarter tends to be a difficult quarter and the fourth quarter tends to be the best quarter of the year," said Randy Frederick, managing director of trading and derivatives for Charles Schwab (NYSE:SCHW) in Austin, Texas.

Investors will be parsing data released this week, with the crucial non-farm payroll numbers due on Friday, for clues on the timing of an interest rate hike by the U.S. Federal Reserve.

Data showed the number of Americans filing new applications for jobless benefits rose modestly last week.

 

 

 

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