Futures linked to Dow Jones index rise 0.18% to 45,484 points, while those of the S&P 500 advance 0.26%, at 6,498.60 points. Nasdaq 100 futures rise 0.39% to 23,745.90 points.
Wall Street comes from a very moved day last Friday, which finally resulted in a negative sign: the Dow Jones fell 0.48% at the close, while the S&P 500 yielded 0.32% and the Nasdaq technological technological one left a slight 0.03%. All after a devastating employment report, which showed a creation of just 22,000 jobs in August, with the unemployment rate at 4.3%. Analysts had predicted the creation of 75,000 jobs.
With Friday’s falls, the Dow ended up falling 0.32% in the whole of the week, which was shorter than usual for Labor Day on Monday. The S&P 500 rose 0.32% in the week, while the Nasdaq scored a rise of 1.14%. The S&P 500 is only 0.8% below its most recent record.
The disappointing August employment report helps feed the hope of type cuts, although two important inflation references will also have to be very attentive this week. On Wednesday the Production Price Index (IPP)while on Thursday the main course will arrive: the August consumer price index (CPI). In principle, the year -on -year growth rate of the General CPI is expected to rise in the month to 2.9% (2.7% in July) and that its underlying will remain stable at 3.1%.
In addition, this week the Office of Labor Statistics publishes its preliminary review of the growth of employment for the period from April 2024 to March 2025 in the US.
The market is considered a type cut in September at the Federal Reserve meeting next week. And even the employment report has led some operators to anticipate that the cut will not be 25 percentage points, but 50. According to the CME Group Fedwatch tool, The operators give a 90.1% probability to a 25 -point cut, while the 50 -point cut is granted 9.9%.
«Although we cannot be sure, it is possible that the labor market is much weaker than the Federal Reserve is conscious or willing to recognize,» says Tom Hulick, executive director of Strategy Asset Managers, in statements to the CNBC. «There is a significant margin so that the yields of the short -term treasure bonds fall, especially two years, if the reviews remain negative.»
On the day on Monday, The ten -year -old bonus offers a profitability of 4.082%while two -year bonus yield is reduced to 3,499%.
As for the leading companies of the market, Apple will celebrate tomorrow its annual autumn event on September 9 at its headquarters in Cupertino, California. This appointment is expected that the company presents His latest iPhone and Apple Watch linesbeing the most anticipated event the iPhone 17 Air of Apple.
Meanwhile, the Robinhood Markets retail trading platform and the Applovin marketing platform rose 7.5%and 7.7%, respectively, in the pre -opening, while Emcor Group advances 2.50%. The three will be incorporated into S&P 500 from September 22after being ignored during the last readjustment. Marketoxess corporate bond trading platform, casinos and hotels operator Caesars Entertainment and the Enfaase Energy Renewable Company.
In raw material markets, oil prices rise strongly and recover part of the land lost last week, at a time when the perspective of more sanctions to Russian crude after the night attack to Ukraine compensates for the increase in the production of OPEP+, which has also been somewhat less than expected. American West Texas Petroleum Futures rise 1.99% to $ 63.11 per barrel, while international Brent Petroleum advances 1.98% to $ 66.80.
Special mention for gold, which has first exceeded in history the 3,600 dollars ounce before the expectations of US types cuts and Trump’s attacks on the independence of the Fed.
Today the euro advances 0.06% against the dollar until leaving the exchange rate at $ 1,726 for each single currency.