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U.S. stock futures higher before jobless claims
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- U.S. stock futures higher before jobless claims
23/08/2012 12:06:24 PM
- European manufacturing shrinks at slower pace in August
23/08/2012 08:50:05 AM
- German economic expansion stalls as debt crisis weighs
23/08/2012 07:03:01 AM
- China’s industrial sector shows more negative signs in August
23/08/2012 03:25:52 AM
- FOMC Meeting Minutes outline; a new QE is indispensable as soon as possible…
22/08/2012 06:40:05 PM
- Wall Street ready to slide before FOMC minutes
22/08/2012 12:21:56 PM
- Samaras wants more time to enact reforms as Juncker heads to Athens
22/08/2012 10:33:08 AM
- Japanese trade balance deficit widened in July on fallen exports
22/08/2012 12:22:12 AM
Publish Date23/08/2012 12:06:24 PM
Last Update23/08/2012 12:57:59 PM
Optimism is still out there after all and the Standard & Poor`s 500 Index will most likely start the day higher as traders continued to feed on hopes that the Federal Reserve will push ahead additional monetary easing to help the world`s largest economy after the Federal Reserve`s meeting minutes provided a sigh of releif for stoked markets.
Stock-index futures rose before U.S. jobless claims and new-home sales reports at 08:30 a.m. EST, whereas of 06:15 a.m. EST, Dow Jones Industrial Average futures expiring in September were up 0.25 percent at 13,189. Standard & Poor`s 500 futures were higher 0.27 percent at 1,416.20, while NASDAQ 100 futures gained 0.225 percent to 2,787.50.
"Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery." the Fed`s July`s meeting minutes showed on Wednesday. The minutes supported equities closing higher yesterday.
At 08:30 a.m. the Labor Department will report the weekly jobless claims, a closely watched indicator which tracks the change in the number of Americans filing for unemployment insurances over in the week prior of the release. The Initial jobless claims are expected to stay around the 365 thousand areas, not that far for its record low.
July`s employment situation was not dramatic but the payroll job strong gain apparently improved from June; however the unemployment rate headed the wrong way. The unemployment rate rose to 8.3 percent from 8.2 percent in June. Separately, another report may show that U.S. new home sales probably rose 3.40 percent to annual rate of 362 thousand in June, from 350 thousand in June.
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