US equity futures jump as jobs growth cools ...Middle East

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US equity futures jump as jobs growth cools
source : forex live ( Middle East ) () 16
S&P 500 futures are up 57 points, or 1.1% ahead of the open while Nasdaq futures are up 1.5% and Russell 2000 futures up nearly 2%.The market is cheering a softer US jobs report that saw the unemployment rate tick higher to 3.9% from 3.8%. That led to broad weakness in the US dollar, falling Treasury yields and higher stock markets as softer jobs will eventually given the Federal Reserve room to lower rates.S&P 500 futures has risen above the late-April highs, which is a positive technical sign. This article was written by Adam Button at www.forexlive.com.

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