Wall Street Seen Opening On Cautious Note; Jobs Data In Focus

RTTNews | 1117 gün önce

(RTTNews) - Subdued U.S. futures ahead of the crucial non-farm payroll data point to a somewhat cautious start for stocks on Wall Street Friday morning.

The Dow futures are up 0.11 percent, the S&P futures are edging up marginally, and the Nasdaq futures are lower by about 0.05 percent.

The Labor Department's jobs data for the month of July is due out at 8:30 AM ET.

The report is is expected to show employment increased by 250,000 jobs in July after jumping by 372,000 jobs in June. The unemployment rate is expected to hold at 3.6 percent.

Shares of Warner Bros Discovery (WBD) are down sharply in pre-market trades, reacting to chief executive David Zaslav's comments that the company is looking to introduce a free, ad-supported version of its streaming service

Stocks ended mixed on Thursday after turning in a relatively lackluster performance during trading. Despite the choppy trading, the tech-heavy Nasdaq reached a new three-month closing high.

Traders were reluctant to make significant moves, choosing to wait for the Labor Department's monthly jobs report.

While the Nasdaq rose 52.42 points or 0.4 percent to 12,720.58, the S&P 500 edged down 3.23 points or 0.1 percent to 4,151.94 and the Dow dipped 85.68 points or 0.3 percent to 32,726.82.

Asian stocks closed higher as investors awaited an update on the U.S. jobs market later in the day for clues on the pace of monetary policy tightening going ahead. Chinese shares rallied as tech companies jumped on expectations that the China-Taiwan standoff might increase global chip shortage. The benchmark Shanghai Composite index jumped 1.19 percent to 3,227.03.

European stocks are quite sluggish with investors looking for direction amid rising tensions between the U.S. and China, and eyeing the non-farm payroll data from the U.S.

In commodities trading, West Texas Intermediate Crude oil futures for September are down $0.52 or 0.59 percent at $88.02 a barrel. Gold futures are down $3.00 or 0.2 percent at $1,803.90 an ounce.

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European Economic News Preview: German GfK Consumer Confidence Due

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Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

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Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 2s 12 dakika önce

Mild Upside Seen For Thai Stock Market

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Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 3s 57 dakika önce

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 4s 9 dakika önce

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 4s 15 dakika önce

EURUSD	1.16173	GBPUSD	1.34532	AUDUSD	0.64848
USDJPY	147.872	USDCAD	1.38425	USDCHF	0.80505