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DJ Credit Investors to Focus on Earnings, US Labor Data -- Market Talk

· 02/05/2021 03:39

0839 GMT - Company earning results and U.S. labor data due later Friday will be at the centre of attention for credit investors, with both events signaling European credit market may end the week in positive territory, says UniCredit. "With investors focusing on the results of the earnings season and the U.S. employment report due out today, credit markets could remain on track for weekly gains, particularly in riskier parts of the credit spectrum," the Italian bank says. Credit spreads have narrowed this week across all credit scores, with riskier, lower-rated corporate bonds outperforming, it says. Economists polled by WSJ expect 50,000 jobs to have added in January in the U.S. (lorena.ruibal@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 03:39 ET (08:39 GMT)

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