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US Futures Up Slightly Ahead of Jobs Data

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US stock futures were marginally higher on Friday as traders stayed on the sidelines ahead of a raft of readings on the US job market.

Oil prices nudged higher with global benchmark Brent Crude up 0.93%, and US crude West Texas Intermediate was up 0.68% recently on news that North Korean leader Kim Jong Un will meet US President Donald Trump.

At 8:30 am, growth in non-farm payrolls is expected to come in at 205,000 in February vs January's 200,000. The unemployment rate is expected to tick down to 4% from 4.1%. Private payrolls are expected to rise 195,000, with manufacturing payrolls expected to increase 17,000. Average hourly earnings are seen rising 0.2%, while the average workweek is seen rising 1/10 to 34.4 hours, according to data compiled by Econoday.

At 10 am, forecasters see wholesale trade inventories rising 0.7% in January vs prior gain of 0.4%.

Federal Reserve President Charles Evans is scheduled to speak.

In equities, shares of Big Lots ( BIG ) were 11.8% lower pre-bell after the company reported Q4 financial results and guided 2018 profit below analyst estimates.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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