ES futures trading at 3457 at 7:38am.
Futures for the S&P 500 and the Dow rose after Wall Street‘s worst session since June, with attention turning to the crucial jobs report. European shares gained after bank stocks jumped on merger talks between Spanish lenders Bankia and Caixabank. Asian shares followed the overnight selloff in U.S. equities. Oil rose but was on course for its biggest weekly decline since June. Gold advanced as the dollar‘s rally stalled.
Data from Refinitiv
U.S. job growth seen slowing in August, unemployment rate falling below 10%
U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession. Nonfarm payrolls likely rose by 1.4 million jobs last month.