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FUTURES REMAIN LOWER AFTER JOBS DATA

 

Futures remain lower after jobs data.  March non-farm payrolls rose less than expected, rising by 103K for the month.  The unemployment rate held steady at 4.1% while the participations rate fell slightly to 62.9%.  On the wage front, average hourly earnings were in-line with expectations rising 0.3%m/m and 2.7% y/y.  Late yesterday, President Trump said the US should consider an additional $100B in tariffs against China and China responded that they will fight back against any additional US actions.  Later this afternoon, Federal Reserve Chair Jerome Powell with be speaking at the Economic Club of Chicago.  European shares are lower with basic material stocks leading the declines.  Asian shares closed mixed despite trade rhetoric.

 

US Futures Lower / Asia Mixed / EU Lower / WTI @ 63.17 -0.37 / Brent 68.13 -0.20 / Nat Gas @ 2.70 +0.02 / Gold @ 1325.44 -1.13 / Platinum 910.03 -2.52 / Silver @ 16.42 +0.06 / Copper @ 3.04 -0.04 / AGS Mixed / Euro @ 1.2221 -0.0019 / 10 Yr UST @ 2.81% / 30 Yr @ 3.06%

 

 

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