NFP Preview: S&P 500 and Nasdaq Futures to Fresh Record Highs

S&P 500 futures is 0.22% higher making fresh all-time high ahead of NFP data later on the day. Traders sentiment turned positive after comments from President Donald Trump eased traders concerns about a broader conflict in the Middle East. The Dow Jones Industrial Average futures are also trading higher adding 0.20% at 28,986, while the Nasdaq futures are 0.37% higher at 9,043.

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NAS100

NAS100 (11163.8)

In Buy Zone

STOP

BUY

TP1

11479

TP2

11923

Traders attention will turn today on NFP data which will have a massive impact on markets today. Economists expect a reading of 168,000, the previous reading for Nonfarm Payrolls was 266,000. Private Nonfarm Payrolls expected at 146,000 below the prior reading of 254,00. The participation rate in the job market expected to stabilize around 63.2%

Yesterday the three major benchmarks in Wall Street set all-time highs. The broader S&P 500 was up 0.67% at 3,274. The Dow Jones was ahead 0.74% at 28,956, while the Nasdaq was 0.81% higher at 9,203.

European Stocks Climb Ahead of NFP

European indices started higher the trading session. DAX Index is 0.27% higher at 13,530. The CAC 40 is 0.05% higher at 6,045 while the FTSE MIB is 0.36% higher at 24,103. France Industrial Output (month over month) came in at 0.3% above expectations of 0.1% in November. In London the FTSE 100 is 0.06% higher at 7,602.

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ASX 200 at fresh all-time highs

Asian indices mirrored Wall Street. Nikkei 225 finished 0.47% higher at 23,850. The Hang Seng finished 0.27% higher at 28,638, while the Shanghai Composite finished 0.08% lower at 3,092. In Singapore stocks ended 0.26% higher at 3,255. In Australia the ASX 200 hits fresh all-time highs for the second consecutive day.

In crypto markets, BTCUSD trying to stabilize after the correction from monthly highs. Bitcoin is 0.29% lower at $7,784. Ripple price rejected at the trend line, support at $0.2000 eyed. Ethereum is 0.15% lower at $137.72. Litecoin is 0.72% higher at 45.05.

In commodities markets, crude oil price returned to pre-Iran crisis level. Now the crude oil price is 0.32% lower at $59.37. Gold price trades 0.27% higher at 1,550 as investors continue to run away from safe haven assets.

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