The unemployment rate in the U.S. in October was 5%, while the number of jobs in non-agricultural industries increased by 271 thousand. On the background of the obtained data stocks moved to growth.
MOSCOW, 6 Nov. Futures on U.S. stocks on Friday shifted to growth after strong data on the labor market of the country, according to AFP.
As at 16.48 GMT, futures on the index of wide market S&P 500 grew 0.1% to 2096 points, futures on the DJIA index is 0.08% to 17796 points, the index futures NASDAQ high-tech companies — 0.02% to 4695,5 item. Before the release of statistics and in the first minutes after its publication futures fell the limit of 0.1%.
On Friday it became known that unemployment rate in the U.S. in October was 5%, while the number of jobs in non-agricultural industries increased by 271 thousand. Analysts had expected the unemployment rate to reach 5.1%, and the number of jobs will grow by 184 thousand.
Limits the growth of futures the fact that such strong statistics can provide a further impetus for the fed to raise rates in December, as unemployment is one of the key factors to assess the prospects of a rate increase by the fed this year.
“Given the already relatively strong dollar in anticipation of a rate hike in December, from markets during trading we can expect a strong reaction to the statistics on the labour market, as last month”, — quotes Agency MarketWatch opinion of the head of the research Department Fastmarkets William Adams (William Adams).
In addition, bidders may pay attention to corporate news. So, the producers of food and beverages Kraft Heinz reported a net loss in the third quarter of 2015 amounted to $ 120 million against a profit of 174 million dollars in the same period a year earlier.