Global Markets Await US Jobs Data

by devteam January 8th, 2010 | Share

Anxious investors haven’t known what to do with stocks over the last three days but it’s a virtual certainty that equities will find some direction after the December employment numbers are released an hour before the opening bell.

“Rarely has a piece of data ever been so eagerly awaited,” said David Buik, senior partner at BCG Partners in London, according to the Journal. “Today may well hold the key to the Kingdom for the next few months.”

An hour before the data comes out, futures on the Dow are up 13 points to 10,558 and the S&P 500 looks to open 1.25 points higher at 1,138.75. Global stocks have also been trading modestly higher and Treasuries are a bit weaker.

WTI Crude oil down 14 cents to $82.52 per barrel and Spot Gold is $7.78 by to $1123.82.

Key Events Today:

8:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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