Lack of Clarity on Economic Outlook Could Continue to Pressure Markets
The major U.S. index futures are pointing to a lower opening on Friday, with sentiment reflecting caution as economic data has turned out to be inconclusive catalysts. Notwithstanding the smaller than expected job additions revealed by the non-farm payrolls report earlier in the day, average job gains thus far this year have been robust and the jobless rate has also declined notably. Another report showed increases in personal income and spending in line with expectations. The markets may also focus on the results of separate consumer sentiment and manufacturing surveys.