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US stock markets not just looking at the jobs data today- check out the S+P 500 futures

Yesterday the S+P 500 cemented what was a great recent run for the index, when it busted back above its 200 day moving average (then at 4,243). The index rose to as high as 4,319 and later closed at 4,317, with a gain of 79 points on the session. Shortly, the US jobs report could have an impact on the S+P futures, but even if it does not, then there is more important US data to follow this afternoon. That comes at 3pm GMT and in the form of the latest ISM, non-manufacturing index. Now, arguably this is more important than the manufacturing ISM index seen earlier in the week, as services in the US make up the largest proportion of GDP. So, the markets are not expecting the index to show a reading too far away from that seen in September (53.6). The forecast is for something around 53. As with the manufacturing index, we also look at the other components to this report- prices paid, employment and new orders. Meantime, the S+P 500 futures have not backed off much so far today and right now they are pricing a reopening at around 4,315.  

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