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US stock futures climb ahead of jobs data
U.S. stock futures rose as traders awaited the September jobs report, with expectations of adding around 84,000 jobs and the unemployment rate remaining steady at 4.1%. The S&P 500 index increased by 0.5%, the Dow Jones by approximately 299 points (0.6%), and the Nasdaq 100 by 0.7%. The labor market is expected to grow at a slower pace, supported by continued strength in manufacturing and construction sectors. Meanwhile, futures for interest rates imply a 72% chance that rates will stay unchanged in October. Markets also experienced bond yield fluctuations, with the 10-year bond yield rising to 5.344% before falling back to 5.21%. Oil prices declined significantly after Europe and the UK considered releasing strategic oil reserves, with Brent crude dropping to $99.35 and West Texas Intermediate down to $89.19, despite forecasts of more than 30% growth in global corporate profits.
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