Friday Morning Market Outlook
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…
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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
