S&P 500 Futures flirt with two-month top, yields stabilize as economic fears precede US NFP

It’s worth noting that the fears of economic slowdown and tension surrounding Taiwan are extra catalysts that weigh on the market sentiment.

It should be noted, however, that the recently firmer data from Europe, the latest one being the German Factory Order, joins the cautious tone of the major central bankers to help the equity buyers in keeping control. JP Morgan cites short covering moves by the retail investors as the catalyst behind the recently firmer equities.

Given the mixed market performance, mainly the mildly bid equities in contrast to the pessimism, the traders should wait for the US Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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S&P 500 Blasts Higher, Nasdaq 100 on Brink of Exiting Bear Market Territory, NFP EyedS&P 500 and Nasdaq 100 rally on positive market sentiment following better-than-expected ISM PMI. Strong U.S. service sector data suggests the economy is not about to fall off the cliff. A better gauge of strength will be NFPs on Friday.
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