US EARLY MORNING: US index futures are flat ahead of the key jobs data

SNAPSHOT: US equity futures are around flat ahead of the August jobs report, which is expected to show a resumption in the cooling rate of payroll additions, though wages are still likely to rise, keeping the Fed in the lane to raise rates by 75bps at its September 21st meeting. Below, we recap some of the nuances we’ll be looking out for in today’s jobs report (our full preview can be accessed here). Treasury yields are lower by 1-2bps, with the short-end seeing the most support. The Dollar Index is giving back some of the gains, which this week saw it rise to fresh highs. Other than the jobs data, traders will be keeping an ear on G7 finance ministers, who will today discuss the Russian oil price cap. Our full Day Ahead can be accessed here

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02 Sep 2022 - 09:11- Research Sheet- Source: Newsquawk

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