Futures Inch Higher As Treasury Yields Drop Following Jobs Report

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 05 July 2024 09:56:49 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks poised to extend the upward move seen over the past few sessions. The futures edged higher following the release of the Labor Department?s closely watched monthly employment report for June. While employment jumped by more than expected in June, the report also showed downward revisions to job growth in April and May as well as another unexpected uptick by the unemployment rate. The Labor Department said non-farm payroll employment shot up by 206,000 jobs in June compared to economist estimates for an increase of about 190,000 jobs. However, the report also showed the increases in employment in April and May were downwardly revised to 108,000 jobs and 218,000 jobs, respectively, reflecting a net downward revision of 111,000 jobs. The unemployment rate also rose for the third straight month, inching up to 4.1 percent in June from 4.0 percent in May. Economists had expected the unemployment rate to remain unchanged. With the unexpected uptick, the unemployment rate reached its highest level since hitting a matching rate in November 2021. Treasury yields have m... [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 closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by more than expected in the month of June, although the report also showed another unexpected uptick by the unem... [Read More]( --------------------------------------------------------------- Europe E uropean stocks have edged higher on Friday after the Labour Party secured a landslide victory in the U.K. election to end 14 years of Conservative rule, as widely expected. Regarding Sunday's parliamentary elections in France, opinion polls show the second-round run-off vote may lead to a hung parliament with no clear majority. On the economic front, German industrial production unexpectedly ... [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.]( --------------------------------------------------------------- Asia Asian stocks fell broadly on Friday as EU tariffs on Chinese imports took effect and China announced the next step in its anti-dumping investigation into European brandy imports. Traders also reacted to the British general election results and braced for France's runoff election on Sunday that could see the country's first far-right government since the World War II Nazi occupation ? or no majority emerging at all. The dollar retreated from its elevated levels as traders eyed the all-important U.S. jobs report later in the day for clues on the F... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.09 to $83.97 a barrel after jumping $1.07 to $83.88 a barrel on Wednesday... [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