Friday Morning Market Outlook

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Stocks are directionless again this morning ahead of the key unemployment and non-Farm Payrolls data.  DJIA and S&P futures are flat this morning in early indications. In Europe, the FTSE is up 0.4%, the DAX is up 0.25%, and the CAC is up 0.3%.  In Asia, Japan’s NIKKEI was flat and Hong Kong closed up 0.6%.

Nymex WTI crude is around $81.75 per barrel; Gold is flat around $1,194.50 per ounce.

Treasury bond
prices were soft with the yield on the 10-Year at 2.91% is and the yield on the 30-Year was 4.05%.

Friday morning’s major media snapshot from Reuters, WSJ, NYTimes, FT, Bloomberg, and more is available here.

These are today’s top economic data:
8:30 AM EST JULY Unemployment and non-Farm Payrolls
3:30 AM EST Consumer Credit

CBO said that the Federal Budget Deficit reaches $1.2 trillion through July

Major earnings today are as follows: AES, AIG, BPT, BAM, DYN, XIDE, LUK, LMIA, MIR, NM, NAT, PLUG, PGN, SHO, VIRL.

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JON C. OGG

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