Italian Constitutional referendum, Austrian vote & US Non-Farm data to cause the most market volatility

December 2, 2016

A big few days coming up for markets, with the Italian Constitutional referendum and Austrian elections on Sunday and the US Non-Farm Employment Change figures in the early hours of tomorrow morning set to create a huge stir in the markets.

It’s important to note with regards to the Italian vote, as it is occurring when markets are closed (creating a market gap), it is important to for investors to check any open positions on Italy & Europe. Due to the fact that there will be a lot of volatility surrounding the vote, open positions over the weekend carry more risks as traders are unable to close positions. Traders should therefore decide whether the risk is acceptable to them or not.

As far as announcements are concerned, the majority of the market-moving info comes out of the US.

The US is releasing crucial employment numbers that are vital to the Fed Reserve when they look at monetary policy. This list of data includes: Non-Farm Employment Change, Unemployment Rate & Average Hourly Earnings. Meanwhile, two Fed Reserve (FOMC) Members are set to speak. They are Lael Brainard and Daniel Tarullo.

Elsewhere, Japan is releasing Monetary base data, Australia is releasing Retail Sales figures, Switzerland is releasing GDP figures, Europe is releasing PPI (Producer Price Index) & Spanish Unemployment data, the UK is releasing its Construction PMI and finally, Canada is releasing Employment Change, Unemployment Rate & Labour Productivity information.