Friday, May 6, 2016

Soft Jobs Data, Oil's Decline Dampen Risk Appetite

The major U.S. index futures are pointing to a lower opening on Friday, with commodities moving northward amid the dollar weakness triggered by the soft U.S. non-farm payrolls data.ÿHowever, oil is retreating, exerting downward pressure on commodity currencies. After Asian stocks closed mostly lower, the European markets are also losing ground.

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