Trade, Jobs Views Lift Wall Street Pre-Bell; Asia, Europe Higher

MT Newswires
02 May

Wall Street futures pointed moderately higher pre-bell Friday as traders weighed reports of possibly easing trade tensions, and awaited the latest jobs report from Washington.

The April employment situation bulletin, sure to be parsed for clues to the state of the nation's labor markets, will post at 8:30 am, with a consensus for a 130,000 increase in non-farm payrolls.

In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.3% and the Dow Jones was up 0.4%, possibly indicating the ninth-straight trading day in the green for the major equity indices.

Asian exchanges traded higher overnight, after officials in Beijing and Tokyo hinted at successful trade talks.

European bourses tracked higher midday on the continent.

Chevron (CVX) traded down 2% pre-bell after the oil giant reported Q1 earnings above Street views, but missed on revenue.

Apollo Global Management (APO) traded up 1.4% pre-bell after the private-equity firm reported Q1 earnings modestly below estimates.

Exxon Mobil (XOM) traded 1% higher pre-bell after the energy colossus reported Q1 earnings above Street consensus, but missed on revenue.

On the economic calendar, in addition to the jobs report, is the factory orders bulletin for March at 10 am ET, and the weekly Baker Hughes oil-and-gas rig count at 1 pm.

In pre-market action, bitcoin traded at $96,834, West Texas Intermediate crude oil traded lower at $58.82, and 10-year US Treasuries offered 4.21%. Spot gold traded for $3,260 an ounce.

















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