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Futures Fall As Investors Await Labor Data, Assess Middle East Risk

Futures Fall As Investors Await Labor Data, Assess Middle East Risk

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U.S. stock index futures slipped on Thursday as markets awaited data for insights on the economic outlook and the likelihood of further interest-rate cuts from the Federal Reserve, while watching for a potential escalation in Middle East hostilities. Wall Street’s three main indexes closed flat in the previous session after a private survey signaled that the labor market was not in a sharp deterioration. Caution prevailed nonetheless, as investors contemplated the scale of Israel and the United States’ response to Iran’s recent attack on Israel. The CBOE volatility index, Wall Street’s fear gauge (.VIX), hovered at more than three-week highs at 19.96. […]

The post Futures Fall As Investors Await Labor Data, Assess Middle East Risk appeared first on Vladimir Ribakov.

USD/JPY –  05.11.2024

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