Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow
It's Jobs Friday… In Canada
Canadian Labor market data for the month of January due Friday could offer the Canadian dollar direction amid pressure from falling crude prices.
Economists forecast the economy created 2,000 fewer jobs in January compared to previous months 78,600 jobs.
Upbeat labor market data and growing economic growth forced the Bank of Canada to raise rates in January.
USD/CAD traded at $1.602, up 0.26%.
Nvidia To Lead The Nasdaq Rebound?
Nvidia reported Q4 revenue of $2.91 billion, up 34% from year ago levels, beating analyst consensus of $2.68 billion. Non-GAAP earnings were $1.72 per share, up 52% from the $1.13 per share posted a year earlier and well ahead of expectations of $1.32 per share.
NVIDIA Corporation (NASDAQ:NVDA) rose more than 10% in after market trade, after closing down nearly 5% at $217.52.
Baker Hughes rig count
The weekly instalment of drilling activity from Baker Hughes on Friday, will provide investors with fresh insight into U.S. oil production and demand after data last week showed the number of oil rigs operating in the US rose by six to 765, the highest level since Aug. 11.
The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand.
Crude futures settled lower on Thursday amid ongoing fears over rising US oil production and supplies.