Pre-open mover
US stock futures traded mostly flat in early premarket trading ahead of the much-anticipated August jobs report. US stocks mostly ended higher, with the Dow Jones up around 146 points on Thursday after all three major indices posted their weakest August performances since 2015.
The US jobs cuts report for August is scheduled for release at 8:30 am ET. Analysts expect August jobs to rise by 293k compared to July’s increase of 528k. Average hourly wages, which rose 0.5% mom in July, are expected to rise 0.4% in August. The country’s unemployment rate could remain unchanged at 3.5% in August.
July factory orders data will be released at 10:00 am ET while Baker Hughes North American’s rig count report for the last week is scheduled for release at 1:00 pm
Futures on the Dow Jones Industrial Average fell 1 point to 31,662.00, while futures on the Standard & Poor’s 500 Index rose 0.25 point to 3,969.00. Futures for the Nasdaq index fell 6.25 points to 12,286.00.
oil prices was traded higher as Brent crude futures rose 2.4% to $94.54 a barrel, while US WTI crude futures rose 2.4% to $88.68 a barrel.
The US has the highest number of COVID-19 cases and deaths in the world, with the total number of infections in the country exceeding 96,465,120 with around 1,072,120 deaths. India reported a total of at least 44,442,500 confirmed cases, while France confirmed over 34,547,840 cases.
A look at the global markets
European markets were higher today. The STOXX Europe 600 index gained 0.7%, London’s FTSE 100 rose 0.7%, while Spain’s IBEX 35 index rose 0.3%. France’s CAC 40 index rose 0.6%, while Germany’s DAX rose 1.3%.
Euro-zone producer prices rose 4% mom in July, the largest increase in four months. The number of people registered as unemployed in Spain…
