Tech Talk for Friday December 6th 2019

Dec 06 07:12 2019 Print This Article

Pre-opening Comments for Friday December 6th

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.

Index futures moved higher following release of the November Employment Reports at 8:30 AM EDT. Consensus for November Non-farm Payrolls was an increase of 183,000 versus an upwardly revised gain of 156,000 in October. Actual was a gain of 266,000. November Unemployment Rate was expected to be unchanged from October at 3.6%. Actual was a drop to 3.5%. Consensus for November Hourly Earnings was an increase of 0.3% versus a gain of 0.2% in October. Actual was a gain of 0.2%

The Canadian Dollar dropped 0.27 to U.S. 75.62 cents following release of Canada’s November Employment Reports released at 8:30 AM EST. Consensus for November Employment was an increase of 10,000 versus a decline of 1,800 in October. Actual was a drop of 71,200. Consensus for the November Unemployment Rate was an increase to 5.6% from 5.5% in October. Actual was an increase to 5.9%.

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