Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

U.S. futures hold steady ahead of ECB, jobs data; Dow Jones up 0.02%

Stock MarketsJun 05, 2014 06:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
U.S. futures point to steady open in cautious trade - U.S. stock futures pointed to a steady open on Thursday, as markets were jittery ahead of a highly anticipated policy statement by the European Central Bank and as investors began to focus on Friday's U.S. employment data.

Ahead of the open, the Dow 30 futures pointed to a 0.02% gain, S&P 500 futures signaled a 0.03% dip, while the Nasdaq 100 futures indicated a 0.07% loss.

Investors remained cautious after data earlier in the week showed that the euro zone's consumer price inflation stands well below the European Central Bank target of near but just under 2%, adding to expectations that the central bank will take steps to tackle low consumer price growth.

Meanwhile, market participants turned to Friday's report on U.S. nonfarm payrolls for further indications on the strength of the U.S. job market after a data on Wednesday showed that private sector jobs rose less than expected last month.

Payroll processing firm ADP said non-farm private employment rose by 179,000 in May, below expectations for an increase of 210,000. April's figure was revised down to a gain of 215,000 from a previously reported increase of 220,000.

The telecom sector was set to be in focus, amid reports Sprint (NYSE:S), up 4.47% in after-hour trade, is nearing an agreement on the price, capital structure and termination fee of an acquisition for T-Mobile US (NYSE:TMUS) that could value the wireless carrier at almost $40 a share.

Boosted by the news, T-Mobile surged 3.12% in early trading.

Tech stocks were also expected to be active, as Microsoft (NASDAQ:MSFT) jumped 1.34% pre-market even as China’s government took another step against the company by telling officials in one province not to use Windows 8 software.

The move marked another step in an ongoing dispute with the U.S. over spying and hacking allegations.

Elsewhere, (NASDAQ:AMZN) was down 0.25% in extended trade, despite reports India could soon allow global online retailers to sell their own products in the country as early as next month, removing restrictions that have held back competition in one of the world's biggest retail markets.

Other stocks likely to be in focus included Joy Global (NYSE:JOY) and Diamond Foods (NASDAQ:DMND), scheduled to report quarterly earnings later in the day.

Across the Atlantic, European stock markets were mixed. The DJ Euro Stoxx 50 inched up 0.03%, France’s CAC 40 eased up 0.03%, Germany's DAX slipped 0.12%, while Britain's FTSE 100 fell 0.23%.

During the Asian trading session, Hong Kong's Hang Seng slipped 0.18%, while Japan’s Nikkei 225 edged up 0.08%.

Later in the day, the U.S. was to publish the weekly report on initial jobless claims.

U.S. futures hold steady ahead of ECB, jobs data; Dow Jones up 0.02%

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email