The post-summer market began on Tuesday - following the Labor Day break - with Wall Street set to display a more positive mood than of late.
U.S. stock futures were firmer on Tuesday but hovering only just above six-week lows as worries about high energy prices, stubborn inflation and tightening monetary policy continued to contain bullish sentiment.
But lingering concerns about the economic fallout from a European energy crisis and the Federal Reserve’s determination to damp multi-decade high inflation were constraining gains. “Stocks ended a difficult week with a volatile pre-Labor Day session, buoyed by better than expected jobs numbers by almost every metric, especially a rise in the participation rate,” said Evercore ISI in a note.
A pullback in the dollar index DXY from 20-year highs as the euro EURUSD and pound GBPUSD bounced off recent lows also was helping sentiment early on Tuesday. A strong dollar is seen hampering profits of those U.S. companies with overseas sales.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/GBP bounces off multi-day low, reverses an intraday dip to sub-0.8600 levelsThe EUR/GBP cross is extending its retracement slide from a two-month high touched last week and losing ground for the second successive day on Tuesda
Leer más »
Asian stocks follow Wall Street lower after US jobs reportAsian stock markets are lower after Wall Street declined and China tightened anti-virus controls. jobreports stockmarket wallstreet china kprc2
Leer más »
Wall Street's Top Analysts Pick These Stocks as Safe Bets Right NowTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, McDonald’s and Workday.
Leer más »
Is the U.S. stock market closed on Labor Day?The U.S. stock market is closed on Monday, Sept. 5 for Labor Day. So is the bond market, the post office and banks.
Leer más »
Is the U.S. stock market closed today?The stock market is closed today in honor of Labor Day. A hot labor market has been a key focus in markets, particularly with the Fed vowing to fight inflation until it recedes to its 2% annual target, even if that means more pain.
Leer más »