Dow Jones futures index falls This is because investors are cautious in trading ahead of the release of US employment data this week.
As of 5:41 p.m. Thai time, the Dow Jones Futures Index lost 55 points, or 0.15%, to 36,213 points.
The United States is scheduled to release non-agricultural employment figures for November. on Friday (Dec. 8), which may help investors assess the interest rate trend of the US Federal Reserve (Fed), including the trend of the economy slowing down gradually or soft landing (soft landing), which the Fed Inflation can be controlled while avoiding recession.
CME Group’s FedWatch tool indicates that traders are forecasting that The Fed will hold interest rates unchanged at next week’s meeting (Dec. 12-13), and interest rate futures indicate that There is a 58% chance that the Fed will start cutting interest rates in March. 2567
In addition, investors are also keeping an eye on US economic data that will be released this week, including the final Services Purchasing Managers’ Index (PMI) for November from S&P Global, the November Services Sector Index. From the US Institute for Supply Management (ISM), job openings and labor turnover rates (JOLTS) in October, private sector employment figures in November from ADP, imports, exports. Issue and trade balance in October, number of people applying for weekly unemployment benefits, wholesale inventory stocks in October. and the December preliminary consumer confidence index from the University of Michigan.
By InfoQuest News Agency (05 Dec. ’23)
Tags: Dow Jones, New York Stock Exchange
2023-12-05 11:03:24
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