After data from the Department of Labor showed that the advance number of seasonally adjusted unemployment claims came in at 407,000, down from last week's revised figure of 440,000, U.S. stock index futures reacted positively.
In the U.S., Dow Jones Industrial Average index futures rose 64 points to 11,078 at 9:14 a.m. EST, while S&P 500 index futures gained 8.4 points to 1,186.70. Nasdaq 100 index futures climbed 17.75 points to 2,136.75.
"The jobs market is finally beginning to respond to the economic recovery," David Kelly, a JPMorgan fund manager, suggested to Bloomberg News. "Today's figures increase the possibility of a further step up in economic growth in the fourth quarter."
In Brazil, Bovespa index futures posted an astonishing gain of 1,097 points to 69,410, a movement which was likely predicated on the announcement that president-elect Dilma Rousseff would replace central bank chief Henrique Meirelles with Alexandre Tombini, a member of the current central bank board.
Asian stock index futures were more moderated, as concern over the Korean crisis continued. Hang Seng index futures slipped 21 points to 22,930, while Nikkei 225 index futures were flat at 10,040.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.