The leading indices on Wall Street ended the trading day yesterday with stability, before the employment report to be published today.
The Dow Jones fell by 0.1%, at the Nasdaq was devalued by 0.2% and the S&P 500 rose by 0.1%.
Twitter shares crashed yesterday at 20%, after Apple and Google withdrew from its purchase option.
Tomorrow the US employment report in September will be published.
According to preliminary forecasts, the US economy in the past month produced 171 thousand new jobs, improved after the addition of 151 thousand jobs in August.
The unemployment rate is expected to remain unchanged, at 4.9%.
The Asian markets reacting to the disappointing US employment report with a rises.
Tokyo rises by 1%,Hong Kong rising by 1.7%,Shanghai climbed 0.2%.
The foreign exchange market, the US dollar weakened by 0.3% against the yen and is trading at about 103.62 yen to the dollar.
For the Japanese exporters it is bad news, because they prefer a weak yen to help them be more competitive in export markets.
US August non-farm payrolls +151K vs +180K expected.
The European stock markets trade is conducted with rising prices ahead of the publication of the US employment report (13:30 UK time), which is expected to vote on the continued recovery of the US labor market and a further decline in unemployment, which will strengthen the chances of another interest rate rise in the US this year.
Wall Street stock markets are expected to open the month of September on a positive trend, towards flood macroeconomic data to be published in USA Today, and tomorrow’s with the employment report.
The investors around the world vigilant, among others, ahead of the US employment report on Friday, and earlier report may be a clue via the ADP survey, which will be published today.
July jobs report smashed the early forecasts with an extra necklace of 255 thousand jobs, versus forecasts for the addition of only 180 thousand.
The futures contracts on Wall Street are at a positive direction after the report’s release.
This is the second consecutive NFP report which dramatically smashes the forecasts.
Details of the July 2016 US Non-farm payrolls data report:
255k vs expectation of 180k
Also:
Unemployment rate is 4.9% against expectation of 4.8%
Average hourly earnings is 0.3% against expectation of 0.2%
The European stock markets trade is conducted with rising prices ahead of the employment report to be published later today in the US.
London climbed by 0.6% after the interest rate cut in the UK to a low of 0.25%. Frankfurt rising by 0.3%, Paris is stronger by 0.7%.
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