Equity futures increase to start the week as the equity rally continues

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US equity futures indicate higher opening to start the week

The main futures indexes show a gain of 0.6% or 130 Dow points at 1:00 am ET. The S&P 500 and the Nasdaq each increased by 0.5%.

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In the energy sector, oil trades lower. US crude is down 20 cents to $ 24.54 a barrel.

Brent crude, the international benchmark is down 28 cents to $ 30.69.

DO NOT REOPEN WITH CORONAVIRUS RISKS PERMANENT ECONOMIC DAMAGE: OFFICIAL

In Asia, the Nikkei of Japan was 1.4% higher, the Hang Seng of Hong Kong jumped 1.9% and the Shanghai Composite of China gained 0.1%.

US stocks rose on Friday as a monthly ugly jobs report was not as bad as expected, as well as signs that trade tensions between Washington and Beijing were easing.

Teleprinter security Latest Change Change%
I: DJI MEDIUM DOW JONES 24331.32 +455.43 + 1.91%
SP500 S&P 500 2929.8 +48.61 + 1.69%
I: COMP NASDAQ COMPOSITE INDEX 9121.320669 +141.66 + 1.58%

The Dow Jones Industrial Average rose 455 points, or 1.9%, the S&P 500 by 1.7% and the Nasdaq Composite by 1.6%.

UNEMPLOYMENT HAS BROUGHT TO 14.7% IN APRIL, THE HIGHEST SINCE A LARGE DEPRESSION, CORONAVIRUS RELEASED 20.5 MILLION JOB LOSSES

The monthly employment report found that the coronavirus pandemic has inflicted the biggest labor market blow in a month on record. The unemployment rate climbed to 14.7% in April from 4.4% in March. Employers have cut 20.5 million jobs. This is equivalent to eliminating all the positions created over the past decade.

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Investors were encouraged by a Reuters report that key US and Chinese trade negotiators spoke on the phone on Friday, pledging to create favorable terms for their phase 1 trade deal. came after President Trump threatened to “terminate” the trade deal signed in January.

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