World Market News of the 8 December with FXOpen #usjobs #nasdaq100 #sp500 #dowjones
ASIA MARKETS MIXED AS JAPAN’S Q3 GDP REVISED DOWNWARD, INDIA HOLDS RATES
Asia-Pacific markets were mixed as Japan’s third-quarter GDP was revised downward in a surprise move, while India’s central bank held its benchmark lending rate steady.
Japan’s third-quarter GDP was revised downward to a 0.7% fall quarter-on-quarter, a sharper slide compared with the 0.5% decline estimated earlier. Economists had forecast that the revised figure would be unchanged at 0.5%
The Reserve Bank of India held its repo rate at 6.5%, in line with a Reuters poll of 64 economists that unanimously forecast the bank would keep its benchmark policy rate steady.
Source: CNBC
STOCK FUTURES ARE LITTLE CHANGED AHEAD OF KEY NOVEMBER JOBS REPORT
Stock futures were little changed Friday morning as investors looked ahead to Friday’s jobs report.
Futures tied to the Dow Jones Industrial Average ticked higher by 6 points, or %. S&P 500 futures inched down by %, and Nasdaq 100 futures lost %.
In regular trading, the Dow advanced points, or %, while the S&P 500 climbed 0.8%. Both snapped three-day losing streaks. The Nasdaq Composite jumped %.
Source: CNBC
What to expect from Friday’s jobs report
In October, US employers added a net 150,000 jobs, and the unemployment rate inched up to 3.9%, according to the Bureau of Labor Statistics.
A similar story likely played out last month but with an added boost from striking autoworkers and actors returning to the workforce (and BLS’ tallies).
Economists, by consensus, are expecting Friday’s jobs report to show employment growth of 180,000 positions and for the jobless rate to hold steady at 3.9%, according to Refinitiv.
Source: CNN
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