Investors are waiting for U.S. jobs report, with futures slightly up

From Nasdaq: 2024-07-05 07:12:07

S&P 500 and Nasdaq 100 futures are up, with traders focusing on U.S. payrolls data. Fed minutes show officials cautious about lowering rates until inflation reaches 2%. Wall Street closes mixed on Wednesday, PARA and TSLA top gainers. Chip stocks and Simulations Plus trade lower. ADP report shows private payrolls missed expectations in June, while U.S. factory orders fell more than expected in May. Unemployment claims rise in past week, investor uncertainty ahead of Nonfarm Payrolls report. U.S. rate futures reflect low chance of rate cut in July but higher chance in September.
Investors await Nonfarm Payrolls data, Average Hourly Earnings, and Unemployment Rate releases today. Wall Street’s record high closes, trade tensions fuel dismal May industrial production and retail sales data in Europe. UK’s Labour Party victory strengthens economic outlook, GB Pound and FTSE climb. Aixtron Se surges on strong order intake in Q2. Halifax House Price Index weaker, German and French industrial production miss expectations, Eurozone retail sales disappoint.
Asian markets mixed as China faces tariff uncertainty and PBOC sells long-term bonds. Global Times calls for EU sincerity in electric car tariffs. Japan’s Nikkei pares gains, household spending lower, yen strengthens against dollar. Kewpie reports a profit surge in Q2. Household spending and Leading Index miss expectations in Japan. Cryptocurrency stocks decline pre-market.



Read more at Nasdaq: Stock Index Futures Tread Water as Investors Await Key U.S. Jobs Report