All eyes focused on employment report
Evan McDaniel | email@example.com
Today's economic calendar will focus on the Employment Situation Report at 8:30 a.m. ET.
The consensus forecast for August non-farm payrolls is 125,000, down from July's 163,000 jobs. Estimates range from 70,000 to 177,000.
The national unemployment rate is expected to remain unchanged at 8.3 percent, with estimates ranging from 8.2 percent to 8.4 percent.
The average hourly earnings are projected at 0.2 percent, a gain from 0.1 percent in July and within a range of forecasts between 0.1 percent and 0.3 percent. The average workweek is expected to remain unchanged at 34.5 hours.
The consensus estimate for private payrolls is 134,000, down from July's 172,000. Forecasts range from 80,000 to 177,000 jobs.
Stocks attempt to stage a rebound
May 17, 2013
The main catalyst for the buyers appears to be coming from Asia, where Tokyo and Shanghai indexes rallied overnight amid positive Japanese economic data and signs that Chinese authorities will reduce economic regulations.
Equities are hovering at record levels
May 16, 2013
S&P 500 futures are indicated to open fractionally lower but have been nudging higher throughout the morning. The Nasdaq is up almost two-tenths of a percent after strong numbers from Cisco.
Equities in range after big gains
May 15, 2013
S&P 500 futures are little-changed, while most European indexes are posting small gains. Asian markets were mostly positive overnight, led by a 2 percent rally in Tokyo.
Wide range of events on calendar
May 15, 2013
German, France, and Italy will report preliminary gross domestic product numbers early in the morning, which could affect sentiment before the opening bell.
Another record day on Wall Street?
May 14, 2013
S&P 500 futures are fractionally higher after earlier falling by more than one-tenth of a percent. Europe is also fighting its way back to positive after posting slightly larger declines.