Oil prices went up on Friday.
This is due to positive expectations for global economic growth in 2025.
Higher economic growth is expected to increase the demand for oil.
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IMF SUPPORTS BANK OF JAPAN'S MONETARY POLICY APPROACH IMF Deputy Managing Director Gita Gopinath backs the Bank of Japan’s gradual approach to raising interest rates. IMF sees positive signs of inflation moving towards the 2% target in Japan. Service sector inflation remains below the target, according to
Canada's job market did better than expected in January. The country added 76,000 jobs, much higher than the expected 25,500 jobs. In December, 90,900 jobs were added. This shows strong job growth in Canada.
The US government will release job data for January. This data includes job growth (NFP), unemployment rate, and wage changes. Traders are also watching Canada’s job market data. Comments from central bank officials will be important too.