Friday, September 2, 2011

Everything Is Down Ahead Of The Big Jobs Report

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Following yesterday's losses on Wall Street, Asian markets are mostly in the red. The Nikkei is down 1.2% and the Hang Seng is down 1.8%.

Europe looks even worse, with the Dax off 2.5% and the CAC 40 off 2.3%.

Dow futures are down 83 points. Banks are some of the lowest stocks, with Goldman Sachs, Bank of America and JP Morgan among others off over 3% following news of a wave of mortgage lawsuits by the Federal Housing Finance Agency.

The BLS Jobs Report comes out at 8:30 and represents one of the most significant datapoints of the month.

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