Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

US stock index futures were almost unchanged today as important data on US unemployment rate is yet to be released. The important indicator could be a turning point in the discussion of whether US government should taper on bond buying stimulus program.

S&P 500 index futures fell less than 0.08%, Nasdaq Composite is down 0.15% and Down Jones Industrial futures trade at a daily loss of 0.13% at 7:22 EDT.

The jobs data “will dominate headlines and influence price action until the Fed’s next policy meeting this month,” said Ishaq Siddiqi cited by Bloomberg. The market strategist at ETX Capital in London added the jobs data “will surely escalate expectations that the Federal Reserve will unwind asset purchases in coming months.”

The agricultural biotechnological company Monsanto rose 2% passing the 100 dollar line of its share price in Germany after the company  announced intentions to buyback $2 billion worth of shares and declared its quarterly dividend. GAP raised by 3.1% in late trading yesterday after the largest US clothing retailer reported a 7% increase in sales for last month. Yum! Brand rose 1% in early New York trading after UBS AG recommended to investors to buy the shares.

Walmart is optimistic about sale increases in following months as the company sees Consumer Confidence Index increasing which would be breath of fresh air for the retail corporation. Walmart hopes to recover from recent slow growth.

Apple could be followed by many investors as the company could gain share price from recent downgrades of its main rival in industry – Samsung. The companys sales have been degraded due to slowing interest of one of its flagship products, the Galaxy S4.

 

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • GBP/JPY trades little changed, hovers above 1 1/2-month lowGBP/JPY trades little changed, hovers above 1 1/2-month low Having retreated more than 0.8% last week following policy decisions by the Bank of England and the Bank of Japan, the GBP/JPY currency pair was mostly steady on Monday, but not far from recent 1 1/2-month trough.The Bank of England […]
  • Forex Market: EUR/GBP daily trading forecastForex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7316-0.7349. The daily low was a fresh more-than-six-year low. The pair closed at 0.7337, ticking up 0.02% on a daily basis.At 7:16 GMT today EUR/GBP was down 0.05% for the day to trade […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Friday’s trade saw USD/CAD within the range of 1.1448-1.1308. The pair closed at 1.1327, losing 0.85% on a daily basis.At 9:26 GMT today USD/CAD was down 0.02% for the day to trade at 1.1326. The cross held in a daily range of […]
  • USD/CAD slid in cautious tradeUSD/CAD slid in cautious trade US dollar was trading lower against its Canadian counterpart on Monday, as market players awaited the release of the minutes of Federal Reserve Banks July meeting amid ongoing speculation over the possible timing of banks asset purchase scale […]
  • Wirecard stock drops as company delays annual report againWirecard stock drops as company delays annual report again Shares in Wirecard plummeted as much as 65% on Thursday after the company postponed its annual report for the third time. The huge decline marked a three-year low and the reason for the most recent delay is the fact that auditors were not […]
  • Tesco Plc’ share price rises, appoints two new members of its board in an attempt for further consolidationTesco Plc’ share price rises, appoints two new members of its board in an attempt for further consolidation Tesco Plc revealed in an official statement today that it appointed Mr. Richard Cousins and Mr. Mikael Ohlsson as new members of its board. The transition is to take effect on November 1st. The step is considered part of the companys strategy […]