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American stock futures go down with data
On Thursday, Wall Street futures descended because market participants looked ahead to data on the American labor market and kept watching over price volatility in crude.
The blue-chip Dow futures decreased 0.05%, the S&P 500 futures went down 0.06%. Meanwhile, the tech-heavy Nasdaq 100 futures sank 0.05%.
The US Department of Labor is going to publish weekly jobless claims that will be Thursday’s key economic report.
Market participants will also evaluate real estate market strength with the issue of April’s house price index.
Traders were still skeptical as for the Fed’s prediction that it will raise rates once more in 2017.
On Thursday, the major American currency kept demonstrating muted trade versus key rivals.
Meanwhile, crude prices kept staying under watch with prices soaring in early morning New York trade because crude tried to regain lost territory.
European stock markets have been dipping for a third straight day.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.