Opening Bell: U.S. Futures, EU Stocks Edge Up; Dollar Slips, Gold, Oil Gain
- The Reflation Trade endures
- Asian markets suffer foreign investor exodus
- Bitcoin hovering at the $50,000 level
Key Events
, , and futures traded slightly higher on Thursday morning ahead of key US employment data due to be released on Friday which will give insight into the state of the country’s economic recovery.
Yields and the dollar traded lower.
Global Financial Affairs
The importance of tomorrow’s report got an additional boost last week when Federal Reserve Chair, Jerome said at the Jackson Hole Symposium that tightening of the Fed’s monetary policy was dependent on continued improvement of the US jobs market. Therefore, investors may assign increased significance to the monthly numbers for August.
Analysts expect the headline figure to be 750,000 new jobs created, down from last month’s 943,000. Even though jobs growth is expected to slow, the is forecast to decline to 5.2% from 5.4%, another important gauge for the Fed,…
