Global Stock Market Rises as Investors Await U.S. Jobs Data and Navigate Political Risks
Futures tied to the Dow climbed 0.3%, while S&P 500 futures ROSE 0.4%. The Nasdaq added 0.5%, signaling renewed investor optimism. This follows a losing streak last week, where the S&P 500 fell 0.3% and the Dow slipped 0.2%. Despite those declines, all three indexes remain up for September, with the S&P 500 gaining 2.8%.
Investors are cautiously optimistic as they look ahead to crucial U.S. economic data. The looming government shutdown remains a concern. A meeting between President TRUMP and congressional leaders could determine whether key reports, including Friday’s jobs data, will be released on time. The labor report, a cornerstone for Federal Reserve decisions, could set the tone for October trading.
Wall Street expects the economy to have added 43,000 new nonfarm payrolls in September. The unemployment rate is projected to hold steady at 4.3%. Stronger-than-expected job growth could cool expectations for further Fed rate cuts. Last week, jobless claims came in lower than anticipated, and GDP growth was revised upward. These signs of resilience may limit the central bank’s room to ease policy.