The major futures indices are suggesting a rise of 0.4% when the trading session begins on Friday on Wall Street.
Nov Employment report Expected to show the continued slowdown in the number of workers adding to the payroll.
Economists surveyed by data provider Refinitiv predicted that employers added 469,000 jobs in November, down from 638,000 in October. It will be the fifth consecutive month of diminishing gains.
The unemployment rate is expected to decline by one-tenth of a percentage point to 6.8%.
Meanwhile, the Commerce Department will release the US Trade Balance for October. The deficit is expected to widen to $ 64.8 billion from $ 63.9 billion in September.
Later in the morning, trade will also announce factory orders for October. Expected to rise 0.8%, after increasing 1.1% in the previous month:
Asian stock markets followed a slide on Wall Street on Friday after Pfizer cut the number of doses of its planned coronavirus vaccine it may ship this year.
The Nikkei 225 in Tokyo is down 0.2%, the Hang Seng in Hong Kong is up 0.4%, and the China Shanghai Composite is up 0.1%.
In Europe, the FTSE in London added 0.8%, the German DAX did not change much and the French CAC index rose 0.4%.
The Wall Street benchmark S&P 500 index closed 0.1% lower on Thursday, far from a new record high. The Dow Jones Industrial Average rose 0.3% to 29,969.52. The Nasdaq Composite Index rose 0.2% to 12,377.18.
|ribbon||Safety||the last||They change||They change%|
|I am: DJI||Dow Jones averages||29969.52||+85.73||+ 0.29%|
|SP500||Standard & Poor’s 500||3666.72||-2.29||-0.06%|
|I: COMP||Nasdaq Composite Index||12377.181515||+27.82||+ 0.23%|
Investors hope that one or more coronavirus vaccines will be available next year, despite the challenges of making and distributing billions of doses that must be frozen.
Investors have been encouraged by signs that Democrats and Republicans in Washington may go beyond bitter partisanship to agree an economic aid package.
House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell spoke Thursday after Pelosi indicated she was willing to make major concessions. President-elect Joe Biden urged Congress on Wednesday to pass a relief bill now, with more aid coming next year.
An industry group said Thursday that US service industries grew in November, but the pace of growth slowed for a second month.
The latest unemployment claims numbers from the Ministry of Labor show that 712,000 workers sought help last week, nearly three times the pre-crisis level. However, it is well below the peak of nearly 7 million in late March, when countries first implemented lockdown measures to curb the spread of COVID-19.
Economists surveyed in the Refinitiv poll expected 775,000 new claims. It is down from the upwardly revised 787,000 a week ago.
Oil prices rose after OPEC and its allies, including Russia, agreed Thursday to increase oil production by 500,000 barrels per day (bpd) starting in January. They cut production earlier to support prices as the pandemic and controls on business and travel lowered demand.
US benchmark crude rose 66 cents to $ 46.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 36 cents on Thursday to $ 45.64 a barrel.
Brent crude, used in global oil pricing, rose 68 cents to $ 49.39 a barrel in London. It added 46 cents the previous session to 48.71 dollars a barrel.
The Associated Press contributed to this report.
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