A look at the day ahead in U.S. and global markets from Mike Dolan Another projection miss out on from a U.S. megacap combines with care ahead of January's employment report to keep a cover on stocks into Friday's open - with buoyant long-dated Treasuries squashing the yield curve to its flattest for the year.

Similar to Microsoft and Alphabet over the past couple of weeks, Amazon disappointed Wall Street late Thursday as issue about cloud computing doused income and revenue projections and sent its stock down 4% over night.

The current underwhelming outlook from the "Magnificent 7" top U.S. tech firms check an otherwise positive S&P 500, with concerns about heavy spends on synthetic intelligence piqued again by the advancement of China's inexpensive DeepSeek model.

The DeepSeek buzz, by contrast, wiki.dulovic.tech continues to fire up Chinese stocks. They included another 1%-plus earlier on Friday despite continuous concerns about a mounting Sino-U.S. trade war and Monday's due date for Beijing's retaliatory tariffs.

But the day's macro events will likely take precedence, with the release of the January U.S. employment report and long-lasting modifications of previous job development.

Job development likely slowed to 170,000 in January from simply over quarter of million the prior month, partially restrained by wild fires in California and winter throughout much of the country.

Those distortions add an additional complication to the readout, which will consist of annual benchmark revisions, new population weights and updates to the seasonal changes.

The week's sweep of other labor market reports, however, do point to some cooling of conditions - with task openings falling, layoffs increasing and weekly jobless claims ticking higher.

With the Federal Reserve already trying to parse the impact of President Donald Trump's new economic policies, payroll distortions just cloud the picture even further.

And as Fed officials insist they can wait and see for a bit, Fed futures remain on two more interest rate cuts this year - resuming about midyear.

The Treasury market is more urged though - sustaining the early week's sharp drop in 10-year yields into today's jobs report and seeing the 2-to-10 year yield curve compress to the flattest it's remained in 6 weeks.

Helping the long end today has actually been assuring signals from the Treasury's quarterly refunding report that a "calling out" of debt auctions to longer maturities is not yet in the works, as numerous had actually feared.

Treasury Secretary Scott Bessent has likewise firmly insisted the brand-new federal government's focus would be on getting long-lasting rates down instead of pressuring the Fed to reduce too soon.

Reuters analysis reveals Trump has put holds on 10s of billions of dollars in congressionally-approved spending for projects across the U.S. that vary from Iowa soybean farmers embracing greener practices to a Virginia railway expansion.

Bessent also doubled down on his view the administration desires to retain a "strong dollar" policy. But he colored that with a sideswipe. "What we put on ´ t want is other nations to damage their currencies, to control their trade."

But with the Fed on hold, main banks around the globe continued reducing rate of interest apace this week - partially on concerns a trade tariff war will compromise their economies.

With a sharp cut in its UK growth projection, the Bank of England cut its policy rate by a quarter point on Thursday - with 2 of its policymakers voting for a bigger half point reduction. Sterling deteriorated initially, however has actually steadied since.

Mexico's main bank likewise cut its interest rate by 50 basis points on Thursday - saying it might cut by a comparable magnitude in the future as inflation cools and after the economy contracted somewhat late last year.

The European Central Bank, meantime, is anticipated to release its updated estimate of what it views as a "neutral" rate of interest later Friday.

That is very important as it notifies the ECB dispute about whether it needs to cut rates listed below what thinks about neutral to revive the flagging euro zone economy. It's currently seen around 2% - 75bps below the standing policy rate.

In thrall to the payrolls release, the dollar index was constant on Friday. Dollar/yen briefly notched a new low for drapia.org the year, wiki.whenparked.com nevertheless, as Bank of Japan tightening up speculation simmers.

In Europe, stocks stalled near record highs as the heavy revenues season there unfolded.

Banks there have a been a standout winner today and again on Friday. Danske Bank, Denmark's most significant lending institution, was up 7.1% after it published record yearly revenues and introduce a brand-new share buyback program.

Key developments that ought to offer more direction to U.S. markets in the future Friday: * U.S. January work report, University of Michigan February consumer study, December consumer credit