Nov 1 - U.S. stock futures rose on Friday, buoyed by strong Amazon results offsetting the previous session's tech selloff, with investors awaiting nonfarm payrolls data for insights on the Federal Reserve's key policy rate trajectory.
Nonfarm payrolls data, due before markets open, is now in focus. Economists polled by Reuters estimated that the economy added 113,000 jobs in October. However, analysts said labor strikes and hurricanes could skew the month's data. Treasury yields have risen to nearly four-month highs in recent weeks, pressuring equities, as traders speculate that the central bank will adopt a less dovish stance.
" US October Jobs Report and Election Date pose significant risks to both sides of current rates outlook, we think the Fed is more likely to change its forward guidance than its rate decision next week in case of data political surprises," analysts at Danske Bank wrote. Intel , jumped 5.3% after a better-than-expected revenue forecast, lifting other chip stocks, with Nvidia , rising 1.6%.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »