U.S. futures are lower after disappointing jobs data. U.S. futures accelerated losses after a weaker-than-expected February jobs report. Non-farm payrolls grew by 20k in February, well below analyst estimates for a gain of 180k. The unemployment rate ticked lower to 3.8%, while the participation rate remained unchanged. On the inflation front, average hourly earnings rose slightly more than expected, rising 0.4%m/m and 3.4%y/y. On the housing front, January housing starts and building permits both beat expectations. European shares are lower, being dragged down by U.S economic data and soft data out of China overnight. Asian shares closed lower with Chinese stocks getting hit hard after weak trade data. Chinese exports fell 20%y/y in February, much worse than the 4.8% decline economists had expected.
COST- reported better than expected earnings, however, revenue missed forecasts. Strong same-store-sales and online sales are helping to boost the stock
US Futures Lower / Asia Lower / EU Lower / WTI @ 55.27 -1.39 / Brent 64.67 -1.63 / Nat Gas @ 2.88 +0.02 / Gold @ 1297.70 +11.60 / Platinum 817.44 +2.67 / Silver @ 15.19 +0.15 / Copper @ 2.89 -0.03 / AGS Mixed / Euro @ 1.1228+-0.0036 / 10 Yr UST @ 2.63% / 30 Yr @ 3.02%
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