US EARLY MORNING: US index futures see slight upside bias ahead of pivotal jobs report

Analysis details (09:30)

US PRE-MARKETS: US equity futures are seeing slight upside bias, firmer between +0.2-0.4%, with mild outperformance in the e-mini Russell 2000 as it attempts to recoup Thursday’s losses. Europe saw a contained open, albeit with a modest negative bias emerging, as market participants await the key risk events (NFP, ISM Manufacturing) later in the session. Overnight, APAC trade was mixed which was in-fitting with the Wall St. handover, although action was thinner than usual due to the closure of Hong Kong given Typhoon Saola. Nonetheless, the Shanghai Composite was supported after the PBoC cut the FX RRR and lowered the payments for first & second-time home buyers. On the morning so far, Final EZ PMIs have been the highlight while ECB’s Villeroy echoed recent fellow speakers noting options are open at the upcoming meetings. Elsewhere, the Dollar has been within narrow parameters and is seeing marginal losses, with G10 peers largely flat. Meanwhile, Treasuries are slightly lower across the curve while WTI and Brent have been horizontal through the European morning. Finishing with the docket ahead, as mentioned NFP and ISM Manufacturing (previews below) are waiting in the wings, with all attention on whether the jobs market will once again cool, which could give a more decisive direction to the November meeting with September widely seen as holding steady. Following jobs, Mester (non-voter hawk) is speaking on inflation, though we remain attentive to any unscheduled speakers.

TODAY’S AGENDA

EQUITY NEWS

TECHNOLOGY:

DISCRETIONARY:

CRYPTO:

COMMUNICATION:

INDUSTRIALS:

BAE Systems (BAESY) - Awarded two US Army contracts for total value of USD 706.7mln from DoD.

HEALTHCARE:

ENERGY:

CONSUMER STAPLES

01 Sep 2023 - 09:30- Data- Source: Newsquawk

USDChevron CorpF.USFInstitute for Supply ManagementFederal ReserveFortinet IncAVGOPurchasing Manager IndexGMFTNTAustraliaSFTBY.USOXM.USSM.USGM.USTSLA.USCPB.USLULU.USADSK.USCRM.USCVX.USWDAY.USS.USFTNT.USHCP.USAVGO.USVMW.USRHHBY.USBA.USGSK.USLDOS.USNX.USBAESY.USGSAT.USUnited StatesDataLULUTSLABitcoinUnemployment RateInflationHawkLoretta MesterBrentOilECBPBoClululemon athletica incADSKAutodesk IncSTLAPOxford Industries IncRestaurant Group PLC/TheInitial Public OfferingGlobalstar IncBAE Systems PLCLDOSRaytheon CoRTXBoeing Co/TheBAGSKJapanIIIFDASM Energy CoDDOGCVXCRMCampbell Soup CoCPBWDAYWorkday IncMDBHCP IncAI FPBroadcom CorpVMware IncDoveFOMCConsumer ConfidenceCBInitial Jobless ClaimsWagesChinaResearch SheetAsian SessionHighlightedEU SessionHong KongPeruCNYEurope

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