US stock futures mostly flat after jobs report beats expectations
U.S. stock index futures traded flat-to-lower on Friday as investors digested a better-than-expected jobs report.
The U.S. economy added 178,000 jobs last month, the Labor Department said, with the unemployment rate falling to 4.6 percent. Economists polled by Reuters expected a gain of 175,000 with the unemployment rate holding steady at 4.9 percent.
In oil markets on Friday, Brent crude (Intercontinental Exchange Europe: @LCO.1) traded at around $53.54 a barrel, while U.S. crude (New York Mercantile Exchange: @CL.1) was around $50.85 a barrel. Wednesday saw OPEC agree to its first oil production cut in eight years, which has triggered a rally in oil prices.
In Europe, the pan-European Stoxx-600 index (^STOXX) was around 1 percent lower on Friday.
In Asia, the Shanghai Composite (Shanghai Stock Exchange: .SSEC) in China closed 0.88 percent lower on Friday, while the Nikkei (Nihon Keizai Shinbun: .N225) in Japan closed 0.47 percent lower.
On the earnings front in the U.S., Big Lots (BIG) reported quarterly results before the bell.
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