FYI: U.S. futures looked set to open higher Friday as investors awaited U.S. jobs data for the latest clues on the strength of the American economy.
The S&P 500 and Dow Jones Industrial Average were expected to open 0.3% higher. Nasdaq-100 futures were up 0.5%. All major U.S. indexes closed lower Thursday after sharp falls in the price of oil prompted a selloff in energy stocks.
Strong earnings from some of Europe’s largest companies supported modest gains for indexes in the region. London-listed HSBC gained 2.7% and France’s Société Générale added 2.6% after both lenders first-quarter earnings beat analysts’ expectations. The pan-continental Stoxx Europe 600 index rose 0.3% by midday. The index’s banks subindex rose 0.4%.
Strong earnings from some of Europe’s largest companies supported modest gains for indexes in the region. London-listed HSBC gained 2.7% and France’s Société Générale added 2.6% after both lenders first-quarter earnings beat analysts’ expectations. The pan-continental Stoxx Europe 600 index rose 0.3% by midday. The index’s banks subindex rose 0.4%.
n Asia, Hong Kong’s Hang Seng was flat after reversing earlier session losses. South Korea’s Kospi, however, fell 0.7%, dragged down by a 1.3% fall in Samsung shares.
Oil prices fell nearly 3% on Thursday as investors fretted over a possible supply glut. Selling pressure continued early on Friday, with Brent crude, the global oil benchmark, falling 0.5% to $70.38 a barrel.
U.S. government bond prices edged lower after falling in the previous session. Yields on U.S. Treasury 10-year bonds, which move inversely to the price, were at 2.560% after settling at 2.552% on Thursday.
The dollar edged up slightly with the U.S. dollar index rising 0.1% to 97.97, while gold was steady at $1,270.13 a troy ounce.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-pause-ahead-of-u-s-jobs-data-11556871058Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-02/asia-stocks-to-trade-mixed-as-focus-shifts-to-jobs-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-current-stock-market-rally-acacia-stock-arista-stock/CNBC:
https://www.cnbc.com/2019/05/03/us-stocks-nonfarm-payrolls-in-focus.htmlU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-buoyed-by-hsbc-profit-beat-recovering-miners-idUKKCN1S90HTEurope:
https://www.reuters.com/article/europe-stocks/update-1-european-shares-take-strength-from-banks-adidas-hits-record-high-idUSL5N22F1RYAsia: (Limited)
https://www.marketwatch.com/story/asian-markets-pull-back-on-feds-stance-lower-expectations-for-trade-deal-2019-05-02/printBonds:
https://www.cnbc.com/2019/05/03/treasury-yields-continue-to-edge-higher-after-fed-inflation-comments.htmlCurrencies:
https://www.cnbc.com/2019/05/03/forex-market-fed-rate-decision-us-jobs-data-in-focus.htmlOil:
https://www.cnbc.com/2019/05/03/oil-market-surging-us-output-iran-and-venezuela-sanctions-in-focus.htmlGold:
https://www.cnbc.com/2019/05/03/gold-market-fed-rate-cut-dollar-moves-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx
