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Wall Street Might Open Lower

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The U.S. Employment is projected to increase by 191 thousand in August, while the unemployment is expected to record a slight decline.

Early signs from the U.S. Futures Index suggest that Wall Street might open lower.

Asian shares finished broadly down, while European shares are trading lower.

As of 7.45 am ET, the Dow futures were losing 46.00 points, the S&P 500 futures were down 4.25 points and the Nasdaq 100 futures were declining 13.25 points.

U.S. stocks closed broadly down on Thursday. The Dow inched up 20.88 points or 0.1 percent to 25,995.87, the Nasdaq slumped 72.45 points or 0.9 percent to 7,922.73 and the S&P 500 fell 10.55 points or 0.4 percent at 2,878.05.

On the economic front, the Labor Departments Employment Situation report for August
will be published at 8.30 am ET. The consensus is for 195K, up from 157K last month. The unemployment rate is expected at 3.8 percent, down from 3.9 percent recorded in July.

Boston Federal Reserve Bank President Eric Rosengren will give opening remarks at the Boston Federal Reserve 62nd Economic Conference: "What Are the Consequences of Long Spells of Low Interest Rates?" in Boston at 8.30 am ET.

Dallas Federal Reserve Bank President Robert Kaplan will speak at the Energy and the Economy: Charting the Course Ahead" Conference in Dallas, Texas at 1.20 pm ET.

Cleveland Federal Reserve Bank President Loretta Mester will lead a panel discussion on "Reality Check from the Markets" at the Boston Federal Reserve 62nd Economic Conference: "What Are the Consequences of Long Spells of Low Interest Rates?" in Boston at 9.00 am ET.

Boston Federal Reserve Bank President Eric Rosengren and co-authors to present paper on "Some Unpleasant Stabilization Arithmetic" at the Boston Federal Reserve 62nd Economic Conference: "What Are the Consequences of Long Spells of Low Interest Rates?" in Boston at 10.45 am ET on Saturday.

Baker-Hughes Rig Count for the week will be published at 1.00 pm ET. In the prior week, the North American Rig Count was 1276 and U.S. rig count was 1048.

Treasury STRIPS auction will be held at 3.00 pm ET.

In the corporate sector, Genesco Inc. reported second quarter loss of $0.02 million compared to los of $3.95 million in the same period last year. Excluding items, Genesco reported adjusted earnings of $0.81 million or $0.04 per share for the period. Revenue for the quarter increased to $653.89 million from 616.51 million a year ago.

Asian stocks closed mostly down on Friday. Chinese shares closed modestly higher. The benchmark Shanghai Composite index rose 10.71 points or 0.40 percent to 2,702.30. Hong Kong's Hang Seng index closed marginally lower at 26,973.47.

Japanese shares closed lower for the sixth straight session. The benchmark Nikkei average tumbled 180.88 points or 0.80 percent to 22,307.06. The broader Topix index closed 0.48 percent lower at 1,684.31.

Australian markets ended lower. The benchmark S&P/ASX 200 index slid 16.60 points or 0.27 percent to 6,143.80 while the broader All Ordinaries index ended down 15.50 points or 0.25 percent at 6,252.30.

European shares are trading lower. Among the major indexes in the region, the CAC 40 Index of France is falling 32.76 points or 0.27 percent. The German DAX is loosing 33.86 points or 0.28 percent, the U.K. FTSE 100 Index is declining 71.03 points or 0.97 percent. The Swiss Market Index is down 12.35 points or 0.14 percent.

The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is down 0.44 percent.

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