Wall Street: Trend still favorable before US employment


(CercleFinance.com) – After modest gains on Wednesday on the New York Stock Exchange, the major US equity indices (+0.8% on the Dow Jones, +1.1% on the S&P500, +1.6% on the Nasdaq) continue this positive trend on Thursday, on the eve of the monthly employment report.

For this report, which should be watched closely by operators concerned about the threat of a recession, Jefferies anticipates 320,000 non-agricultural job creations and a decline in the unemployment rate to 3.5% in the United States in June.

In the meantime, we can note that the weekly registrations for unemployment benefits increased slightly last week, standing at 235,000, against 231,000 (revised figure) the previous week.

Other data published on Thursday, the trade deficit of the United States fell slightly from 1.3% to 85.5 billion dollars in May, due to a 1.2% growth in exports which exceeded that of 0.6% of imports.

On the securities front, Merck is said to be in advanced discussions to buy Seagen, an operation that would be valued at around $40 billion or more, and which it would like to conclude in the coming weeks, according to the Wall Street Journal.

Investment fund Blackstone announces a $400 million investment in Xpansiv, the world’s leading carbon and environmental commodities trading platform and data provider for these markets.

Copyright (c) 2022 CercleFinance.com. All rights reserved.



Source link -84