7 Nov 2014
US Equity futures point to flat opening
FXStreet (Mumbai) - US Equity futures are trading marginally in the green at the time of writing as investors await the release of the October month Non-farm payrolls data.
The DJIA December futures are trading 0.01% higher at 17,505 levels, while the S&P December futures are trading largely unchanged at 2028 levels. Meanwhile, the VIX futures have edged higher as expected ahead of the critical data release.
The Treasury yields are headed towards a third weekly gain ahead of the Jobs report. The non-farm payrolls (nfp) are expected to show a rise of 231,000 jobs in October after increasing 248,000 in September, according to a Reuters survey of economists, while the jobless rate is seen steady at a six-year low of 5.9%. A strong number is likely to send the equities and the treasury yields higher in the US.
The DJIA December futures are trading 0.01% higher at 17,505 levels, while the S&P December futures are trading largely unchanged at 2028 levels. Meanwhile, the VIX futures have edged higher as expected ahead of the critical data release.
The Treasury yields are headed towards a third weekly gain ahead of the Jobs report. The non-farm payrolls (nfp) are expected to show a rise of 231,000 jobs in October after increasing 248,000 in September, according to a Reuters survey of economists, while the jobless rate is seen steady at a six-year low of 5.9%. A strong number is likely to send the equities and the treasury yields higher in the US.