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8:15 a.m. ET: Private payrolls rise more than expected in December
The U.S. economy added 202,000 private payrolls at the end of last year, according to a report from ADP/Moody’s Wednesday. This exceeded consensus economist expectations for an increase of just 160,000, according to Bloomberg data. In November, private payrolls had risen by an upwardly revised 124,000, from the 67,000 reported previously.
By sector, service-producing firms led December’s advances, posting a net increase of 173,000 jobs. However, gains were capped by a loss of 21,000 jobs in the leisure and hospitality industry, and a loss of 14,000 jobs in the information industry.
Goods-producing firms increased jobs by a net 29,000, with a gain of 37,000 payrolls in construction industries offset by declines in mining and manufacturing.
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8:00 a.m. ET: Carlos Ghosn speaks for the first time since fleeing Japan
The former CEO of Nissan and Renault speaks from Beirut after fleeing from Japan where he was confined to house arrest.
“I did not escape justice. I fled injustice,” he said.
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7:33 a.m. ET: Stock futures muted after Iran missile strike scare
Wall Street jitters flared before quieting after Iran fired missiles at U.S.-Iraqi airbases during the overnight session. The retaliatory move by Iran, after a U.S. airstrike last week took out its top military general, produced no reported casualties so far.
Here were the main moves during the pre-market session, as of 7:33 a.m. ET:
S&P futures (ES=F): 3,241.50, up 6.25 points or 0.19%
Dow futures (YM=F): 28,513, down 13 points or 0.05%
Nasdaq futures (NQ=F): 8,870.25, up 17.25 points or 0.19%
Crude oil (CL=F): $62.59 per barrel, down $0.11 or 0.18%
Gold (GC=F): $1,578.90 per ounce, up $4.60 or 0.29%
After reports of the projectiles around 5:30 p.m. ET Tuesday, stock futures slid and gold and oil prices spiked. Brent crude oil prices briefly surged to $71.75 per barrel and gold jumped to more than $1,600 per ounce for the first time in about seven years. These gains, however, retraced shortly thereafter.
"There was a knee-jerk reaction in financial markets, with oil and gold prices rising,” UBS economist Paul Donovan wrote in a note Wednesday. “However, a response was expected by investors, and the initial market moves seem hard to justify."
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2020-01-08 13:21:00Z
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