Asian markets thrive leading to US data, ConAgra and Constellation Brands earnings also sue by COP Thursday.

ADP’s private payroll data was slightly stronger than expected. Initial jobless claims for the previous week are due out early today and could continue the yo-yo movements within the markets. But majority of the investors are waiting on the governments more thorough report, which will present the unemployment rate (investing.com).

The Fed has been trying to tame inflation without triggering a recession that would lead to widespread job cuts. Federal reserves next meeting is due in November, once the big companies are done reporting their September quarter figures and providing their outlooks.

Furthermore, Asian markets continued their recent gains in the early hours of Thursday due to growing expectations of an economic rebound in China. Regional markets were supported by bargain buying while marking their worst month since the very start of the Covid pandemic (investing.com). Markets are now waiting for key US data to signal the way, something for investors to keep an eye on in the back end of the week.

Other events that could affect the markets today:

Constellation Brands

• The liquor company is due to release their earnings by COP Thursday. Analysts expect reports of $2.78 in profit per share on revenue of $2.5 billion (investing.com).

Jobless claims

• Initial jobless claims data is expected today at 13:30 GMT (8:30 US). Experts are estimating the report to show 203,000, which would be an increase from 193,000 to the prior week (investing.com).

Conagra earnings

• Food company ConAgra foods is also expected to publish earnings by COP Thursday. With expectations to report EPS of 52 cents on revenue of $2.8 billion (investing.com).