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SP500
Delayed Quote. Delayed  - 10/30 05:18:11 pm
3269.96PTS -1.21%

Monthly US employment report reassures

11/01/2019 | 08:52am
Opinion : Check out the trading range breakout  3022/  3050
U.S. futures contracts have just been on an upward trend, following the release of the monthly employment report, which is better than expected. The unemployment rate came out at 3.6% but 128K jobs were created (90K consensus). Last month’s figure was also revised to the hause from 136K to 180K. As for the hourly wage, it increased by 0.2% while the market was expecting 0.3%.

The S&P500 index, which ended down 0.3% yesterday, amid uncertainties about a possible Sino-American trade agreement, is now expected to rise by 0.4%.
Operators will still be aware of the Final PMI Manufacturing Index at 14:45 (consensus 51.5) then the manufacturing ISM at 15h, anticipated at 49 (47.8 last month).  


Graphically, as mentioned last, the exit direction of 3022/3050 points should be determined for the future orientation.

 


 


Laurent Polsinelli
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