Equity markets are slightly lower at the mid-point of US Tuesday trading

October 4, 2016 7:08AM CDT

Indexes are weaker as traders maneuver ahead of Friday’s Unemployment release at 7:30 am CST. September non-farm payrolls are expected +173,000, with August at +151,000. September private payrolls expected +170,000, with August +126,000. Manufacturing payrolls are forecast to be  -4,000 after August came in at -14,000. Last month’s unemployment rate is expected to be unchanged at 4.9% (Aug unch at 4.9%).

December gold futures are sharply lower, trading near $1,276 (-36), with silver bearish at $18.04 per ounce. The December S&P contract is lower near 2150 (-2.5 pts.) and the Dow is in red by 20 points at 18,139. December bond futures are selling off heavily at 13019 (-12) and 16626 (-1.08) for Notes/Bonds respectively.

Crude oil is stronger at roughly $49.59 in the December contract as recent inventory reports have revealed draws in global supply. The expressed willingness of OPEC members to implement a November ceiling on daily crude output is also bullish, although past “agreements” among producers have proven false. Natural gas is just below unchanged, in the red at $3155.

Grains are mixed with the US dollar slightly stronger. Corn ($3.47) and wheat ($3.97) are up, while soybeans ($9.66) move down.

Gold Daily

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