U.S. stock futures advanced in early Monday trading as investors await a series of key economic reports due later in the week. At 4:38 PM (GMT+7) on Monday, Dow Jones futures climbed 0.38%, the S&P 500 rose 0.43%, and Nasdaq 100 futures gained 0.46%.
Market participants are preparing for November’s nonfarm payroll data and October’s retail sales figures, both slated for release on Tuesday, followed by November’s inflation numbers arriving Thursday. In the corporate sector, quarterly earnings updates are anticipated from Nike, FedEx, and BlackBerry in the coming days.
Tuesday will see the release of the delayed November labor market report, with Reuters’ economists forecasting a subdued increase of 35,000 jobs. The nonfarm payrolls for November will be announced, following the U.S. government shutdown that previously halted the publication of October’s nonfarm payrolls. The latest unemployment rate will also be revealed, having gone unreported for October.
Additionally, investors will be watching for the upcoming consumer price index for November, a crucial measure of U.S. inflation.
SpaceX executives are reportedly engaging Wall Street financial advisers regarding a possible initial public offering.
Overseas, China Vanke has failed to secure sufficient backing from bondholders to extend the maturity of its debt, deepening concern around the persistent property turmoil in China, the world’s second-largest economy.
