The Daily Chase: Jobs data expected; Stocks stabilize post selloff

We’re about to get the latest read on the health of the labour market in this country when Canadian jobs data hits the tape at 8:30 a.m. ET.

U.S. INFLATION RUNNING HOT

Inflation south of the border will also be on investors’ minds today, where we’re expecting price pressures remained red-hot in May, with the average economist expectation for an 8.3 per cent surge year-over-year. While that’s in-line with the previous month – and a tick below the 8.5 per cent figure in March – that 8-plus per cent figure is still levels not seen since the early 1980s. There could be some relief in core-CPI – which excludes food and energy – which is expected to moderate to 5.9 per cent.

STOCKS STEADY AFTER SELLOFF