12/7/2018, 10:38 AM (Source:
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Wall Street seen lower ahead of key jobs report

United States stock markets are expected to start the Friday trading session with losses following yesterday's turbulent trading day which the Dow Jones finished just 79 points lower despite falling nearly 800 points at session lows. Investors will be expecting a crucial nonfarm payrolls jobs report due before the opening bell, while also digesting a report about the Federal Reserve's plans to implement a more cautious approach to interest rate hikes.

Meanwhile, relations between the US and China are still weighing in on the stock market, especially following the arrest of Huawei's Chief Financial Officer Meng Wanzhou in Canada. On the upside, both the Chinese Commerce Ministry and US President Donald Trump voiced their optimism about the trade deal reached this weekend at the G20 summit in Argentina.

The Dow Jones is expected to begin the session 0.44% lower, while the Nasdaq 100 is due for a 0.48% weaker start. Meanwhile, the S&P 500 is seen 0.44% in the negative territory. The euro was 0.13% lower against the dollar to sell for 1.1367 at 10:38 am CET.

Breaking the News / FH