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WORLD HEADLINES – Stocks were mixed on Friday, with U.S. futures drifting, European shares higher and most Asian equities slipping as markets remained on edge after a tumultuous week dominated by worries over protectionism.
STOCKS – S&P 500 index futures struggled for traction ahead of the U.S. jobs report, which is expected to show unemployment ticking down.
BONDS – Italian bonds slumped, while core European debt gained with Treasuries.
COMMODITIES – Oil rallied from the lowest level in more than a month amid signs the drain from the biggest U.S. supply hub will continue.
CURRENCIES – U.S. jobs report is due later this morning, traders will be focusing on the ‘hourly earnings’. Expectation is 191k and anymore may further accelerate the USD’s rise.
ECONOMIC DATA – U.S. NFP due at 8:30, ISM Non-Manufacturing PMI at 10:00 ET.