Dow Jones futures fell as investors are cautious in trading ahead of the release of US employment data this week.
As of 5:41 pm Thailand time, Dow Jones futures lost 55 points, or 0.15%, to 36,213 points.
The United States is scheduled to publish non-farm employment numbers for November. on Friday (December 8), which may help investors evaluate the direction of the US Federal Reserve’s interest rate, including the direction of the economy gradually slowing down or soft landing (soft landing), through which the Fed can control inflation while avoiding recession.
CME Group’s FedWatch tool indicates that traders expect the Fed will keep interest rates unchanged at next week’s meeting (December 12-13), and interest rate futures indicate that there is a 58% chance that the Fed will start cutting rates. Interest in March. 2567
In addition, investors are also monitoring US economic data to be released this week, including the final November Services Purchasing Managers’ Index (PMI) from S&P Global, and the November Services Sector Index from the US Institute for Supply Management. (ISM), October Job Openings and Labor Turnover Rates (JOLTS), November private sector employment numbers from ADP, October imports, exports, issuance and trade balance, number of people applying for weekly unemployment benefits, October wholesale stocks. And the preliminary December Consumer Confidence Index from the University of Michigan.
Written by InfoQuest News Agency (December 05, 2023)
Tags: Dow Jones, New York Stock Exchange
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