Stocks: Eyes On Jobs
NEW YORK (CNNMoney) — U.S. stock futures edged higher Friday as investors anxiously await the monthly U.S. jobs report.
The government’s monthly report will be released at 8:30 a.m. ET. Analysts surveyed by CNNMoney forecast that employers added 110,000 jobs in September, only a slight improvement over the 96,000 jobs added in August.
That wouldn’t be enough to noticeably change the unemployment rate, which is expected to remain at a high 8.1%.
Later in the day, the Federal Reserve will release data on August consumer credit, which is expected to have expanded by $5 billion, according to a survey of analysts by Briefing.com.
U.S. stocks finished higher Thursday after European Central Bank president Mario Draghi reiterated the central bank’s commitment to its new bond-buying plan.
World Markets: European stocks were higher in morning trading. Britain’s FTSE 100 rose 0.5%, the DAX in Germany added 0.8% and France’s CAC 40 gained 1.2%.
Asian markets posted gains for the day. The Hang Seng in Hong Kong rose 0.5%, while Japan’s Nikkei ended 0.4% higher. Markets in Shanghai were closed this week for a holiday.
Companies: Shares of social gaming firm Zynga plunged 22% in premarket trading, following the company’s announcement that it was lowering its 2012 guidance.
Facebook shares shed more than 2% in premarket trading, a day after company declared 1 billion people use Facebook.
Currencies and commodities: The dollar rose against the euro and British pound and Japanese yen.
Oil for November delivery fell 68 cents to $91.03 a barrel.
Gold futures for December delivery dropped $3.30 to $1,793.20 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing up the yield to 1.68% from 1.66% from late Thursday.
By CNNMoney Staff
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