A quick look at the markets: US equity futures are on the rise; Eyes on Jobs report



Pre-opened movers

US equity futures traded slightly higher in early pre-market trading ahead of any major jobs reports. The Dow Jones jumped more than 100 points on Wednesday, while the S&P 500 set another closing record in the previous session.

The U.S. employment report for June is expected to be released at 8:30 a.m. ET. Analysts expect the non-farm payroll to increase by 703,000 for June after a smaller than expected increase of 559,000 the previous month. The unemployment rate is expected to drop to 5.6% from 5.8%. The May international trade report is expected to be released at 8:30 a.m. ET, while factory order data for May will be released at 10 a.m. ET.

Dow Jones Industrial Average futures rose 26 points to 34,540.00 while Standard & Poor’s 500 index futures fell 3.25 points to 4,314.00. Futures contracts on the Nasdaq 100 index rose 26.50 points to 14,575.00.

The United States has the highest number of COVID-19 cases and deaths in the world, with the total number of infections in the country exceeding 33,679,480 with around 605,010 deaths. India has reported a total of at least 30,458,250 confirmed cases, while Brazil has confirmed more than 18,622,300 cases.

Oil prices traded lower, with Brent crude futures falling 0.2% to trade at $ 75.66 per barrel, while US WTI crude futures fell. fell 0.1% to trade at $ 75.13 a barrel. Stored natural gas rose 76 billion cubic feet for the week ended June 25, the Energy Information Administration said. Baker Hughes’ North American rig count report for the past week is expected to be released at 1:00 p.m. ET.

An overview of global markets

European markets were higher today. The Spanish Ibex index rose 0.2% and the STOXX Europe 600 index rose 0.6%. The French CAC 40 index climbed 0.4%, the London FTSE 100 gained 0.5% while the German DAX 30 gained 0.5%. The French government’s budget deficit increased slightly to reach 118.8 billion euros in January-May, from 117.9 billion euros a year earlier. Unemployment in Spain fell by 166,911 from a month ago to 3.61 million in June.

Asian markets traded mixed today. Japan’s Nikkei 225 rose 0.27%, while Hong Kong’s Hang Seng index fell 1.93% and China’s Shanghai Composite index fell 1.95%. The Australian S & P / ASX 200 rose 0.6% and the Indian BSE Sensex rose 0.1%.

Broker recommendation

Raymond James threw a cover on Thor Industries, Inc. (NYSE: THO) with a rating of underperformance.

Shares of Thor Industries rose 3.2% to close at $ 116.20 on Thursday.

Discover other important notes here

latest news

  • Departure Medical, Inc. (NASDAQ: OM) has revealed that Rebecca Chambers will be stepping down as CFO. The company has appointed Nabeel Ahmed, current vice president, finance, as interim chief financial officer. The company also said it expects second-quarter net sales of $ 24 million to $ 25 million.
  • Li Auto Inc (NASDAQ: LI) reported an increase in quarterly shipments. The company’s quarterly deliveries climbed 166.1 percent year-on-year to 17,575 vehicles, a new monthly record. Shipments increased 39.7% sequentially.
  • Horace Mann Society of Educators (NYSE: HMN) said it had raised its earnings forecast for 2021 from $ 3.00 to $ 3.20 per share to $ 3.50 to $ 3.70 per share.
  • BioSig Technologies Inc (NASDAQ: BSGM) reported on a proposed public offering of common shares. However, the size of the offer was not disclosed.

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