Dow futures jumped more than 200 points as investors expected the US to release weaker job numbers today. This will be a factor in slowing the rise in US Federal Reserve (Fed) interest rates.
The market was also encouraged by news that China was considering easing COVID-19 control measures. and could open the country in March 2023
At 6:23 pm Thai time, the Dow futures index gained 208 points, or 0.65%, to 32,225 points.
The U.S. Department of Labor will release October non-farm payrolls today.
Analysts predict that The number of jobs only added 200,000 in October. after adding 263,000 jobs in September
If the United States had 200,000 jobs in October, as expected. It will be the lowest number of employees since December 2020. that at that time the occupation was hit by the COVID-19 epidemic
The unemployment rate rose to 3.6 percent in October from 3.5 percent in September.
Meanwhile, the market was also spurred by news that China was considering easing COVID-19 control measures. and could open the country in March 2023
Chinese economist Hao Hong The tweet states that Chinese authorities are forming a committee to consider opening up the country. and is reviewing COVID-19 data overseas to assess the situation if the country is open China aims to relax regulations to control COVID-19. In March 2023
By InfoQuest News Agency (04 Nov 65)
tag: dow jones futures, Future Dow
