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Home / Business / American futures higher as the Wall Street rally set to continue; job data in focus

American futures higher as the Wall Street rally set to continue; job data in focus



US Stock Exchange futures were higher Friday as Wall Street looks set to a fifth straight day of gains, amid hopes of progress in trade negotiations between the US and Mexico.

At 3.30 ET, the Dow futures raised 61 points and indicated a positive open at around 78 points, while the S & P 500 and Nasdaq also crossed higher.

Investors will also keep an eye on the latest nonfarm wages out of the United States, which expire during Europe's afternoon session. The economists polled by Reuters predict that the US will add 180,000 jobs during May, but if the figure is dramatically different from this, this could affect the US Federal Reserve's current interest rate thinking.

Meanwhile, talking between Washington and Mexican officials continued Thursday afternoon, with Mexican ambassador to the United States Martha Barcena Coqui told CNBC that negotiations involved a "very good discussion."

Mexico has also agreed to send its national guard to the border with Guatemala to limit the flow

Markets will monitor Friday's ongoing talks after the stocks reached high on Thursday reports that the United States considered delaying a 5% Mexican tariff order. imports, which is set to take effect on Monday.

The Dow Jones Industrial Average scored 1

81.09 points on Thursday, giving a total week's win over 900 points and heading it for the best week of the year. S & P 500 increased by 0.61% and Nasdaq Composite gained 0.53%.

On the data front, Mays unemployment, profitable pay and average hourly pay figures are due to be released at 8.30. ET on Friday. Meanwhile, April's wholesale data is due at 10.00 ET and the consumer loan figures are published at. 15:00.

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