wallstreetexaminer.com / by Jim Wyckoff via Money Morning /
November 4, 2016
(Kitco News) – European and Asian stock markets were mostly weaker in subdued trading Friday. Traders and investors are awaiting what is arguably the most important U.S. economic report of the month today: the employment report from the Labor Department. The key non-farm payrolls figure is expected to come in at up 170,000 in October. Look for active trading in the aftermath of the 8:30 a.m. EDT report. U.S. stock indexes were slightly lower in overnight trading.
Gold prices are trading slightly lower on more downside corrective activity following good gains seen earlier this week.
In overnight news, the Euro zone producer price index was reported up 0.1%, month-on-month and up 1.5%, year-on-year. The numbers were mostly in line with market expectations.
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