European stocks edged higher a day after the
Global market reaction to the ECB measures, which included interest rate cuts and a new liquidity programme for banks, was short-lived as investors focused on the jobs data. In early European trading,
US stocks were poised to open higher. Dow futures edged up 0.2 per cent to 16,487.00 and S&P 500 futures were up less than 0.1 per cent to 1,939.70.
Most Asian benchmarks ended lower.
"Today, the US jobs report garners most focus while investors continue to digest the ECB decision," strategists at
Analysts forecast that US employers added 220,000 jobs last month after adding 288,000 in April. A fourth straight 200,000-plus monthly job gain would add to evidence that the job market in the world's biggest economy is strengthening.
The monthly US jobs report "at present seems to be one of the few economic releases that is still able to make significant waves in markets," said
Markets may cheer even if number comes in lower than expected, because it would raise the prospect of policymakers delaying their scaling back of monetary stimulus, Every said.
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