All Eyes on May Employment Figures

by devteam June 4th, 2010 | Share

Investors are timid ahead of the U.S. employment report for May. The numbers are supposed to be broadly positive, but an hour before the report, equity futures are sharply downwards following two straight days of gains.</p

Ninety minutes before the opening bell, Dow futures are off 85 points to 10,173 and S&P 500 futures are down 8.00 points to 1,095.75. The 2-year Treasury note yield is 2 basis points lower at 0.802% and the benchmark 10-year Treasury note is 3bps lower at 3.34%.

NYMEX crude oil is also down 0.39 to 74.20 Gold is off 1.40 to 1206.90.</p

Overnight, the Euro fell below $1.21 for the first time since April 2006, and is now at $1.2118. Meantime, the US dollar index, a measure of the dollar against an array of currencies, slipped two basis points to 87.11</p

Key Events Today:</p

8:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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