Looming Jobs Data May Lead To Another Choppy Trading Day

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 03 October 2024 09:02:21 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move back to the downside after ending yesterday?s lackluster session slightly higher. Ongoing concerns about rising tensions in the Middle East may weigh on Wall Street, although trading activity is likely to remain subdued ahead of the release of the Labor Department?s closely watched monthly jobs report on Friday. Economists currently expect the report to show employment rose by 140,000 jobs in September after climbing by 142,000 jobs in August, while the unemployment rate is expected to hold at 4.2 percent. The data could impact the outlook for the U.S. economy as well as expectations regarding how aggressively the Federal Reserve will lower interest rates. With the jobs data looming, CME Group?s FedWatch Tool is currently indicating a 63.0 percent chance the... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th. The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the previous week's revised level of 219,000. Eco... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Levi Strauss (LEVI) are moving sharply lower in pre-market trading after the clothing company reported weaker than expected fiscal third quart... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks are broadly lower on Thursday after a survey showed the euro area private sector shrank for the first time in seven months in September. The final HCOB composite output index fell to 49.6 in September from a three-month high of 51.0 in August - bolstering expectations for an interest rate cut at the European Central Bank's meeting on Oct 17. Elsewhere, U.K. business activity growth eased to a three-month low in September. In France, President Emmanuel Macron endorsed a temporary tax on the country's largest companies to get the public finances back on track. Investors al... [Read More]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Thursday amid rising tensions in the Middle East due to the conflict between Iran and Israel. Japanese markets outperformed regional peers after Prime Minister Shigeru Ishiba said the country is not in an environment for an additional rate increase. The U.S. dollar hit a more than six-week high against the yen and gold edged lower following stron... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.34 to $71.44 a barrel after rising $0.27 to $70.10 a barrel on Wednesday. Meanwhile, a... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49