Pre-open mover
US stock futures traded lower in early premarket trading Monday after the Dow Jones fell more than 600 points in the previous session following the release of jobs data. However, the major indices ended the week higher, but giving back most of the gains earlier in the week. The Dow gained 2% last week while the S&P gained about 1.5%.
Non-farm payrolls rose 263,000 jobs last month, beating market expectations of 250,000, while the unemployment rate fell to 3.5% from 3.7% estimates. Money markets expect a fourth straight rate hike of 75 basis points at the forthcoming November Fed meeting.
Chicago Fed President Charles Evans will speak at 9:00 a.m. ET, while the Investor Movement Index for September is scheduled to be released at 12:30 p.m. ET.
Check this out: Market volatility increases following the release of the US jobs report
Futures on the Dow Jones Industrial Average fell 111 points to 29,242.00, while futures on the Standard & Poor’s 500 Index fell 17.50 points to 3,635.75. Futures for the Nasdaq index fell 63.50 points to 11,038.00.
raw materials
oil prices was traded lower as Brent crude futures fell 0.7% to $97.25 a barrel, while US WTI crude futures fell 0.6% to $92.07 a barrel. The total number of active US oil rigs fell by 2 this week to 602 rigs, Baker Hughes Inc reported on Friday.
Gold futures fell 1.1% to trade at $1,690.10 an ounce, while silver futures were down 2.4% at $19.775 an ounce on Monday.
A look at the global markets
Europe markets
European markets were lower today. The STOXX Europe 600 index fell 0.5%, London’s FTSE 100 rose 0.3%, while Spain’s IBEX 35 index fell 0.4%. France’s CAC 40 index fell 0.8%, while Germany’s DAX fell 0.2%.
Asia Pacific Markets
Asian markets traded lower today. China’s Composite Index fell 1.66%, while Hong Kong’s Hang Seng Index fell 2.92%. Australia’s S&P/ASX 200 fell 1.4%, while India’s BSE Sensex fell 0.6%.
Australian industry…
