07:14 AM EST, 12/02/2024 (MT Newswires) -- US equity investors will focus on back-to-back readings on the US labor market, including the crucial November jobs report, in addition to the results of the Black Friday and Cyber Monday sales events this week.

* Traders are monitoring Black Friday and Cyber Monday sales data for an early indication on how strong the upcoming holiday shopping season will be.

* "Nonfarm payrolls will be the marquee release to global markets [this week]," Derek Holt, head of capital markets economics at Scotiabank, said in a note to investors late Friday.

* "Watch for guidance from retailers in the US and Canada where Black Friday and Cyber Monday are bigger deals than elsewhere," Holt also said.

* November employment data is due for release Friday after Tuesday's job openings and private-sector employment report on Wednesday.

* Forecasters are looking for a 202,000 rise in nonfarm jobs, a bounce back from October's 12,000 figure, according to estimates compiled by Bloomberg.

* Job openings based on the Labor Department's Job Openings and Labor Turnover Survey are seen coming in at 7.49 million for October compared with 7.443 million level previously.

* Private payrolls based on ADP Institute's employment report are seen rising by 166,000 in November following a 233,000 growth in October.

* On the earnings front, Salesforce ( CRM ) , Marvell Technology ( MRVL ) , Royal Bank of Canada ( RY ) are some of the major companies to report quarterly earnings this week.