Friday, 5 March 2010

U.S. stocks poised for early gains

LONDON (CNNMoney.com) -- U.S. stocks were poised for a early gains Friday, ahead of the government's highly anticipated employment report.

At 5:06 a.m. ET, Dow Jones industrial average, S&P 500 and Nasdaq 100 futures were slightly higher.

Futures measure current index values against perceived future performance and can offer an indication of how markets will open when trading begins in New York.

Wall Street finished Thursday's session higher, but trading was choppy as investors took a wait-and-see attitude before the monthly jobs report.

Jobs: The Labor Department will release its report on February payrolls at 8:30 a.m. ET. Economists surveyed by Briefing.com expect the report to show the economy lost 63,000 jobs last month and for the unemployment rate to tick higher to 9.8%.

World markets: European markets rose in morning trading. Britain's FTSE 100 and Germany's DAX both added 0.3% and France's CAC 40 gained 0.5%.

Asian shares ended the session with gains. Japan's Nikkei surged 2.2% and the Hang Seng in Hong Kong rallied 1%.

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