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US OUTLOOK/OPINION

GS: Below Consensus For Payrolls

US OUTLOOK/OPINION

JPM: Modestly Above Consensus For Payrolls

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EQUITIES
EQUITIES: US equity futures holding the bounce from the lows well in recent
trade, with the e-mini S&P recovering back above the 2800 handle in recent
trade. Having underperformed well ahead of the open (the likes of Wells Fargo,
Citigroup and JPMorgan were lower by 1.5-2.0% pre-market), financials are now
ripping higher and helping stabilise indices more broadly. The global financial
stock index is now outperforming and has been so for the past hour or so - with
no particular catalyst crossing.
- Some positive M&A chatter had circulated (namely Wells Fargo and Goldman
Sachs) although this has been broadly disregarded, suggesting perhaps
short-covering or a dead cat bounce.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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