Home » Wall Street futures bullish pending big week market mover. Euro to record a month over $ 1.1850

Wall Street futures bullish pending big week market mover. Euro to record a month over $ 1.1850

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US futures up, after the uncertain close of Wall Street on the eve. Dow Jones futures rise 0.18% to 35,354 points; futures on the S&P 500 advanced 0.19% to 4,529. Nasdaq futures are up + 0.25% at 15,648.

Yesterday the Dow Jones lost 48.20 points (-0.1%), to 35,312.53 points. The S&P 500 was also stuck, gaining just 1.41 points, or + 0.03%, at 4,524.09. The Nasdaq Composite was up 0.3% to 15,309.38, a new closing high.

Watch out for forex, with the euro rocketing to a month’s high yesterday, as high as $ 1.1857.

The single currency continues to price the shock data, relating to inflation in the euro area, which has rekindled the markets for fears of a reduction in the ECB’s PEPP, the so-called pandemic QE, an asset purchase program launched by the central bank. last year against the economic and financial consequences of the Covid-19 pandemic.

That data, released just a few days ago, confirmed that Eurozone inflation has skyrocketed in ten years: to be precise, consumer prices rose 3% annually in August, surpassing Bloomberg’s consensus forecasts. and reaching the top over ten years.

This explains the rise in the euro, which today always travels up at $ 1.1852. Dollar also under pressure on the yen around JPY 110.

From the macroeconomic front, waiting for the publication of the initial requests for unemployment benefits, in view of the great market mover that will arrive tomorrow with the release of the US employment report:

according to analysts, the report will highlight the creation of 720,000 new jobs and an unemployment rate down to 5.2%.

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The ADP report, which monitors the creation of new jobs in the private sector in the US, was disappointing yesterday: the data showed that, in August, new jobs in the private sector increased by just 374,000 units, well beyond below the 600,000-unit growth estimated by analysts interviewed by Dow Jones, albeit better than the 326,000-unit rise in July.

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