2 September 2005, 15:58  U.S. futures pointing higher; payrolls data ahead

U.S. stock markets looked to close out the week after Hurricane Katrina devastated the Southeast with another rise, as crude oil and gasoline futures edged lower. Non-farm payrolls data will be scrutinized after a recent run of disappointing economic data. S&P 500 futures rose 1.9 points and Nasdaq 100 futures rose 2.5 points. Profit-taking and expectations that the International Energy Agency will allow the export of emergency European stocks to the U.S. pulled gasoline and oil futures lower. Crude futures were off 44 cents lower to $69.03 a barrel and unleaded gasoline futures were down 6.6 cents to $2.343 a gallon. The dollar continued to see pressure, falling against the euro and the yen. Markets will be looking to non-farm payrolls data at 8:30 a.m. Eastern after a spell of disappointing economic data. Economists polled by MarketWatch expect 197,000 were added to the payrolls in August.

© 1999-2024 Forex EuroClub
All rights reserved