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Oil Prices Surge, Labor Market Data Looms

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OIL,LABOR MARKET,JOBS REPORT

Oil prices jump over 5% after a tentative agreement on wages between the International Longshoremen's Association and the United States Maritime Alliance. Investors await the September jobs report for clues about the health of the U.S. labor market.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Some investors fear it's a short-lived rally, pointing to the Hang Seng index's drop on Thursday. But analysts think there's.

The September jobs report, which comes out later today, will give a clearer picture of the overall U.S. labor market – and likely beThe good news is that, at this point of the rate-cutting cycle, good news shouldn't be bad news anymore. If the number of jobs added comes in higher than expected, markets are likely to react well.

 

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