S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- Dow Jones futures rise as crude oil prices and bond yields pulled back, relieving recent pressure on equities.
- ADP reports show US private employers added 38,000 jobs in August, missing the expected 47,000 consensus estimate.
- Markets continue pricing a two-thirds rate hike probability as traders await upcoming claims and Friday payrolls data.
Dow Jones futures gain by 0.18% to trade near 53,220 during European hours on Thursday. Meanwhile, S&P 500 futures advance by 0.16% to trade near 7,690, while Nasdaq 100 futures inch higher by 0.03% to trade around 29,200.
US stock futures advance as pressure on equities began to ease following a pause in the recent surge of oil prices and bond yields. Sentiment was further shaped by fresh economic data revealing a notable cooling in the labor market. According to ADP figures, US private-sector employment added just 38,000 jobs in August, falling short of the 47,000 positions economists had anticipated.
Despite the softer labor data, financial markets continue to price in roughly a two-thirds probability of a Federal Reserve (Fed) interest rate hike later this month. This lingering uncertainty has traders closely monitoring upcoming economic catalysts, particularly initial jobless claims and Friday’s comprehensive nonfarm payrolls report, to gain a clearer signal on the central bank’s next policy move.
Futures market momentum follows a solid performance during the previous session, where Wall Street successfully snapped a three-day losing streak. On Wednesday, the Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.46%, and the Nasdaq Composite climbed 0.45%, with market gains largely driven by strong performances in the materials, communication services, and health care sectors.
US equities find support as Mag 7 rebound led by Nvidia and Meta
According to strategists at Deutsche Bank, “US equities finally stabilised yesterday,” with the S&P 500 “(+0.46%) recovering after 3 consecutive declines.” They highlight that the move was “lifted by a decent rally for the Mag 7 (+0.76%), which in turn were lifted by Nvidia (+3.21%) and Meta (+2.47%),” underscoring the continued leadership of mega-cap technology in supporting the broader index.
