US S&P 500 and Nasdaq futures are lower this morning, down by 0.61% for the S&P 500 and 0.89% for the Nasdaq 100 as investors are awaiting the US employment numbers and the NFP release tomorrow morning. EU markets are lower on mining sector weakness, the FTSI is lower by 1.1% and the EURSX50 is lower by 0.85%, that’s on weak Chinese manufacturing data overnight. The US dollar is marginally higher versus majors, trading at 90.05, up 0.15% and flat over the past 14 days. Gold and Silver are lower this morning on the stronger dollar, Gold is trading at $1,888 per ounce, down 0.75% and Silver trades at $28.88 per ounce, down 1.25%. Oil prices are nearing the $70 level for the first time in 3 months, as investors are bullish on the global recovery and OPEC+ productions levels near term. OIL trades at $68.8 per barrel this morning, up 0.1%.
US ADP Non-Farm employment and Unemployment claims at 8:30 am, ISM Services PMI at 10:00 am and Oil Inventories at 10:30 am are the important news on the agenda Thursday, (all times EST).
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OIL Inventories will be key for investors as prices aproach $70 ber barrel for the first time in 26-months.
US futures and global markets are lower this morning on weak Chinese manufacturing data and profit taking as markets trade near
all time highs levels.
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