US stock index futures edged lower ahead of non-farm payrolls release, market concerns about the economy persist
US stock index futures fell, with the market showing concerns about the economic outlook. S&P 500 index futures dropped by 0.6%, while Nasdaq 100 index futures fell by 1.1%. Investors will focus on the upcoming release of non-farm payroll data to assess the economic direction. Analysts expect that non-farm payrolls in August will increase by 165,000, with the unemployment rate dropping to 4.2%. Concerns about economic slowdown have led to a retreat in risk assets, with bond yields declining. It is expected that the Federal Reserve will cut interest rates by 25 basis points at future meetings
Jinshi Data, September 6th news: US stock index futures fell, traders are waiting for non-farm payroll data. The market expects the report to show a rebound in employment numbers in August, with a slight decrease in the unemployment rate. S&P 500 index futures fell by nearly 0.5%, heading for the fourth consecutive day of decline; Nasdaq 100 index futures fell by 0.8%, while Dow Jones index futures dropped by nearly 0.3%. Concerns about the economy slowing down excessively have led to a retreat in risk assets this week, with the 2-year Treasury yield, sensitive to policy changes, falling by 18 basis points since Tuesday. Interest rate swaps fully reflect the possibility of a 25 basis point rate cut by the Federal Reserve in two weeks, with a one-third chance of a 50 basis point cut. However, Citigroup traders expect a deeper rate cut, anticipating three 50 basis point rate cuts later this year. "The risk market is currently more sensitive to growth dynamics than to interest rates," said Bilal Hafeez, CEO and Head of Research at Macro Hive. "If the data is weak, risk markets such as the stock market will suffer a heavy blow."