Here are five things you must know for Friday, Dec. 8:
1. -- U.S. stock futures were rising on Friday, Dec. 8, and the dollar moved higher ahead of the release of the official U.S. jobs report for November.
Economists surveyed by FactSet expect the U.S. to have added 190,000 jobs last month, with the unemployment rate holding steady at 4.1%. Employers added more workers in November as post-hurricanes hiring accelerated and retailers prepared for the holiday shopping season.
Investors will be focused on the rate of gains for average hourly wages, which could have a big impact on interest rate projections for 2018 from the Federal Reserve, which holds its final policy meeting of the year next week in Washington. Hourly earnings are forecast to have risen 0.3% in November from the previous month.
Besides the jobs report at 8:30 a.m. ET, the economic calendar in the U.S. on Friday includes Consumer Sentiment for December at 10 a.m.
U.S. stocks ended higher on Thursday, Dec. 7, with large-cap tech stocks again leading a rebound for the Nasdaq, and General Electric Co. (GE) - Get Report powering the Dow Jones Industrial Average to strong gains.
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2. -- Britain and the European Union reached an agreement on Friday that will settle the so-called Brexit divorce bill and allow negotiations to move on to crucial issues such as trade and regulation.
The deal, struck in the early hours of Friday after a night of intense brokering between officials from Dublin, London and Brussels, and led by U.K. Prime Minister Theresa May, will see the U.K. paying around €60 billion to cover its financial commitments to the bloc and guaranteeing the rights of EU citizens living in the United Kingdom.
The deal also calls for no "hard border" between the Republic of Ireland, an EU member state, and Northern Ireland, a region that falls under U.K. law. Such a border would have violated the Good Friday peace agreement reached in 1998 that effectively ended decades of violence in the region.
EU President Jean-Claude Juncker said he was satisfied "sufficient progress" now has been made to move the talks on to trade and transition issues in the new year.
3. -- Bitcoin prices have fallen 12% on Friday to $14,541, according to Bitstamp, after the digital currency surpassed five major threshold prices in the past two days. Some exchanges had bitcoin trading above $18,000 on Thursday.
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4. -- YouTube plans to introduce a paid music service in March, Bloomberg reported, citing people familiar with the matter, as Alphabet Inc. (GOOGL) - Get Report makes a third attempt to catch up with rivals Spotify and Apple Inc. (AAPL) - Get Report .
Warner Music Group, one of the world's three major record labels, has already signed on, the people told Bloomberg. YouTube also is in talks with the two others, Sony Music Entertainment and Universal Music Group, and Merlin, a consortium of independent labels, the people said.
5. -- A Caterpillar Inc. (CAT) - Get Report subsidiary admitted that it cheated customers by performing unnecessary repairs to their railcars and agreed to plead guilty to dumping brake shoes and other parts into the ocean to hide evidence, The Wall Street Journal reported, citing court documents.
United Industries LLC, part of Caterpillar's Progress Rail Services unit, agreed to pay a criminal fine of $5 million as well as a total of $20 million in restitution to three railcar-owning companies: TTX Co., Greenbrier Co. and the Pacer International unit of XPO Logistics Inc. (XPO) - Get Report . The fine and restitution are modest for a large company like Caterpillar, but the case represents a blow against its reputation for quality service, the Journal noted.
Caterpillar shares were rising 0.6% in premarket trading on Friday.
This has been updated from 6:08 a.m. ET.
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