FX.co ★ Wall Street Set To Bounce Back

The Labor Department's monthly employment reports are likely to capture investors' attention on Friday. The market is paying close attention to geopolitical tensions involving Israel and Iran and their potential ramifications on the oil sector. Preliminary indicators from the U.S. Futures Index suggest a positive opening for Wall Street. As of 8:10 a.m. ET, Dow futures had increased by 61 points, S&P 500 futures had gained 14 points, and Nasdaq 100 futures had risen by 68.25 points.

On the previous trading day, U.S. major indices posted slight declines. The Nasdaq fell by 6.65 points, or less than 0.1%, closing at 17,918.48. The S&P 500 decreased by 9.60 points, or 0.2%, to end at 5,699.94, and the Dow was down by 184.93 points, or 0.4%, at 42,011.59.

In economic developments, the Employment Situation Report for September is scheduled for release at 8:30 a.m. ET. The anticipated figure is 132,500 compared to the previous month's increase of 142,000.

Additionally, the Baker Hughes Rig Count for the week will be announced at 1:00 p.m. ET. Last week, North America's rig count stood at 805, with the U.S. rig count at 587.

Asian markets experienced mixed results on Friday. The Shanghai market was closed due to a holiday. Hong Kong's Hang Seng index saw a significant increase, climbing 2.82% to 22,736.87. Japanese markets saw slight gains, with the Nikkei average edging up by 0.22% to 38,635.62, and the broader Topix index rising by 0.39% to settle at 2,694.07. In contrast, Australian markets closed notably lower, with the S&P/ASX 200 index dropping 0.67% to 8,150 and the All Ordinaries index declining by 0.68% to 8,416.60.