U.S. stock futures gain with all eyes on jobs data
BNN Bloomberg
U.S. equity futures gained and Treasuries fluctuated before U.S. employment data that will be scrutinized for clues on the path for Federal Reserve interest rates.
An advance in contracts for the S&P 500 and Nasdaq 100 indexes set US stocks on course to trim their biggest weekly decline since March. Europe's Stoxx 600 index edged higher as travel and leisure shares outperformed.
Amazon.com Inc. jumped nine per cent in U.S. premarket trading after revenue at the world's largest e-commerce and cloud services company beat estimates. Apple Inc.'s market value was set to dip below the historic US$3 trillion level after the iPhone maker posted a third straight quarter of declining sales.
Friday's non-farm payrolls figures are forecast to show the U.S. added 200,000 jobs in July. While that would be the weakest print since the end of 2020, it's still strong historically and a number exceeding that may fuel bets on more Fed hikes. A report Thursday underscored resilient U.S. demand for workers and the mood in markets remains cautious.
