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Podcast: Financial Market Preview - Friday 6-Oct

Published 2023-10-06, 05:40 a/m

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly firmer levels in Asia, while European equity markets are higher. Some stabilization in rates is providing stocks with a modicum of support, although there remains the potential for more bond market volatility today with September US nonfarm payrolls forecast to show a drop in both headline employment growth and the unemployment rate. The White House has begun making plans for a Biden-Xi meeting in California next month. Exxon Mobil (NYSE:XOM) is reportedly nearing a deal to acquire Pioneer Natural Resources (NYSE:PXD).

Companies Mentioned: Exxon Mobil, Pioneer Natural Resources


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