S&P 500 futures are up 57 points, or 1.1% ahead of the open while Nasdaq futures are up 1.5% and Russell 2000 futures up nearly 2%.
The market is cheering a softer US jobs report that saw the unemployment rate tick higher to 3.9% from 3.8%. That led to broad weakness in the US dollar, falling Treasury yields and higher stock markets as softer jobs will eventually given the Federal Reserve room to lower rates.
S&P 500 futures has risen above the late-April highs, which is a positive technical sign.
This article was written by Adam Button at www.forexlive.com.
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