Friday saw another big increase in the number of jobs created for the month of January in the United States and like the previous two employment reports that beat expectations, it stoked fears a faster interest rate-hike and preceded a decline in equity indices. The US jobs reports released in December and January led to a 300-plus point drop in the Dow Jones Industrial Average and Monday’s lower open is setting up for what could be a similar performance in February. The difference this time from previous strong jobs reports is that US stock markets now have the indirect support of the upcoming liquidity injection from the European Central Bank. What looks to be a weak open from the Dow and other US indices has not been aided by the threat to global growth from an implosion in Chinese imports and more fiery rhetoric from Athens seemingly hastening the timetable for a Greek exit from the Eurozone. G20 meetings are taking place on Monday and Tuesday and while not expected to produce any meaningful results, comments from politicians on the situations in Greece and Ukraine could impact markets. On Monday there are earnings expected from Hasbro and Loews. Futures suggest the: S&P 500 will open 6 points lower at 2,049 with the Dow Jones expected to open 53 points lower at 17,771 and the Nasdaq 11 points lower at 4,217. CMC Markets is an execution only provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Lingering jobs report concerns to cause lower US market open
01:00, 09 februar 2015