Mixed U.S. Stock Futures; All Eyes on Jobs Report
Pre-open movers
U.S. Equity futures traded mixed in early pre-market trading on Friday after the Dow fell more than 300 points in the previous session . Investors await nonfarm payrolls data for September.
The US jobs report for September is due out at 8:30 a.m. ET. Analysts expect an increase of 250,000 jobs in September compared to an increase of 315,000 jobs in August. The average hourly wage is expected to rise 0.3% from August, while the unemployment rate is expected to remain at 3.7% last month. Wholesale inventory data for September will be released at 10 a.m. ET, while consumer credit data for August will be released at 3 p.m. HE.
Federal Reserve Bank of New York President John Williams is scheduled to speak at 10:00 a.m. ET, while Federal Reserve Bank of Minneapolis President Neel Kashkari will speak speak at 11:00 a.m. ET. Atlanta Federal Reserve Chairman Raphael Bostic is scheduled to speak at 12:00 p.m. HE.
Watch this: Dow plunges over 300 points, market volatility increases
Dow Jones Industrial Average futures gained 71 points to 30,053.00 while Standard & Poor's 500 index futures rose 2.75 points at 3,759.50. Nasdaq index futures fell 22.50 points to 11,519.25.
GoodsOil prices rose as Brent futures rose 0.6% to trade at $94.96 a barrel, while futures on US WTI crude rose 0.6% to trade at $88.97 a barrel. Baker Hughes' North American Platform Count report for the past week is scheduled for release at 1:00 p.m. HE.
Gold futures fell 0.1% to trade at $1,720.70 an ounce, while silver rose 0.7 % at $20.80 an ounce on Friday.
An overview of global marketsEuropean markets
European markets were mostly up today. The STOXX Europe 600 index rose 0.2%, London's FTSE 100 rose 0.3% while the Spanish IBEX 35 index fell 0.2%. The French CAC 40 index rose 0.2%, while the German DAX gained 0.1%.
France recorded a current account deficit of 5.1 billion euros in August, compared to a gap of 5.3 billion euros the previous month, while the trade deficit increased to €15.3 billion in August, from a revised €14.8 billion in July. . Labor productivity in the UK rose 0.3% quarter on quarter in the three months to June, while Halifax's house price index rose 9.9% year on year in september. Industrial production in Germany fell 0.8% month-on-month in August, while retail sales fell 1.3% month-on-month in August. Import prices in Germany increased by 32.7% year-on-year in August.
Asia-Pacific Markets
Asian markets were trading mostly lower today. Japan's Nikkei 225 fell 0.71%, while Hong Kong's Hang Seng index fell 1.51%. Australia's S&P/ASX 200 fell 0.8%, while India's BSE Sensex fell 0.1%.
The index of coincident economic indicators in Japan rose to 101.7 in August from a final reading of 100.1 the previous month, while the index of leading economic indicators rose from 98.9 to 100.9. Household spending in Japan jumped 5.1% year-on-year in August. Foreign exchange reserves in China fell by $26 billion to $3,029 trillion in September.
Broker RecommendationRBC Capital downgraded Lyft, Inc. LYFT from Outperform to Sector Perform and lowered the price target from $30 to $16.
Lyft stock fell 2.6% to $13.35 in premarket trading.
Check this out: Bitcoin drops below $20,000; Here are the best crypto movers for Friday
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U.S. Equity futures traded mixed in early pre-market trading on Friday after the Dow fell more than 300 points in the previous session . Investors await nonfarm payrolls data for September.
The US jobs report for September is due out at 8:30 a.m. ET. Analysts expect an increase of 250,000 jobs in September compared to an increase of 315,000 jobs in August. The average hourly wage is expected to rise 0.3% from August, while the unemployment rate is expected to remain at 3.7% last month. Wholesale inventory data for September will be released at 10 a.m. ET, while consumer credit data for August will be released at 3 p.m. HE.
Federal Reserve Bank of New York President John Williams is scheduled to speak at 10:00 a.m. ET, while Federal Reserve Bank of Minneapolis President Neel Kashkari will speak speak at 11:00 a.m. ET. Atlanta Federal Reserve Chairman Raphael Bostic is scheduled to speak at 12:00 p.m. HE.
Watch this: Dow plunges over 300 points, market volatility increases
Dow Jones Industrial Average futures gained 71 points to 30,053.00 while Standard & Poor's 500 index futures rose 2.75 points at 3,759.50. Nasdaq index futures fell 22.50 points to 11,519.25.
GoodsOil prices rose as Brent futures rose 0.6% to trade at $94.96 a barrel, while futures on US WTI crude rose 0.6% to trade at $88.97 a barrel. Baker Hughes' North American Platform Count report for the past week is scheduled for release at 1:00 p.m. HE.
Gold futures fell 0.1% to trade at $1,720.70 an ounce, while silver rose 0.7 % at $20.80 an ounce on Friday.
An overview of global marketsEuropean markets
European markets were mostly up today. The STOXX Europe 600 index rose 0.2%, London's FTSE 100 rose 0.3% while the Spanish IBEX 35 index fell 0.2%. The French CAC 40 index rose 0.2%, while the German DAX gained 0.1%.
France recorded a current account deficit of 5.1 billion euros in August, compared to a gap of 5.3 billion euros the previous month, while the trade deficit increased to €15.3 billion in August, from a revised €14.8 billion in July. . Labor productivity in the UK rose 0.3% quarter on quarter in the three months to June, while Halifax's house price index rose 9.9% year on year in september. Industrial production in Germany fell 0.8% month-on-month in August, while retail sales fell 1.3% month-on-month in August. Import prices in Germany increased by 32.7% year-on-year in August.
Asia-Pacific Markets
Asian markets were trading mostly lower today. Japan's Nikkei 225 fell 0.71%, while Hong Kong's Hang Seng index fell 1.51%. Australia's S&P/ASX 200 fell 0.8%, while India's BSE Sensex fell 0.1%.
The index of coincident economic indicators in Japan rose to 101.7 in August from a final reading of 100.1 the previous month, while the index of leading economic indicators rose from 98.9 to 100.9. Household spending in Japan jumped 5.1% year-on-year in August. Foreign exchange reserves in China fell by $26 billion to $3,029 trillion in September.
Broker RecommendationRBC Capital downgraded Lyft, Inc. LYFT from Outperform to Sector Perform and lowered the price target from $30 to $16.
Lyft stock fell 2.6% to $13.35 in premarket trading.
Check this out: Bitcoin drops below $20,000; Here are the best crypto movers for Friday
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