Looming November Jobs Report Stifles US Equity Futures Pre-Bell

MT Newswires Live12-16 21:29

US equity futures were little changed pre-bell Tuesday as traders stayed on the sidelines ahead of the monthly payrolls report.

Dow Jones Industrial Average futures were down 0.02%, S&P 500 futures were 0.06% lower, and Nasdaq futures were down 0.1%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $59.69 per barrel and US West Texas Intermediate crude 1.5% lower at $55.83 per barrel.

The November jobs report, scheduled for release at 8:30 am ET, is expected to show a 40,000 increase in nonfarm payrolls, down from October's 119,000 growth, while the unemployment rate is projected to come in at 4.5% versus 4.4% previously, according to estimates compiled by Bloomberg.

The housing starts report, also due at 8:30 am ET, is expected to show an increase to a 1.32 million annual rate from 1.307 million previously, while building permits are expected to come in at 1.34 million versus August's 1.312 million.

The S&P Global Composite Purchasing Managers' Index for December is due at 9:45 am ET.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment