Easing Interest Rates Lift Wall Street Pre-Bell; Asia Mixed, Europe Up

07:11 AM EDT, 09/04/2025 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Thursday as interest rates eased marginally, and after a soft job openings report for July boosted the outlook for Federal Reserve rate cuts. Crude oil prices also slipped.

Yields on 10-year US Treasuries held under 4.20% in morning action, down from nearly 4.30% on Wednesday.

In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.3% and the Dow Jones was steady.

Traders await the August private-sector ADP employment report, slated for an 8:15 am ET release, for more insight into domestic labor markets.

The Job Openings and Labor Turnover Survey for July, issued Wednesday, revealed a swing to more job hunters than job openings nationwide, for the first time since the COVID-19 pandemic era.

Asian exchanges traded mostly higher overnight, although China-exposed markets lagged. European bourses tracked moderately north midday on the continent.

On the economic calendar, in addition to the ADP employment report, is the Challenger Job-Cut Report at 7:30 am ET.

The international trade in goods and services for July report, the weekly jobless claims bulletin, and the Q2 productivity and costs release, post at 8:30 am ET.

The S&P Global final US PMI composite report for August posts at 9:45 am, followed by the ISM Services Index report for August at 10 am.

The weekly EIA natural gas report posts at 10:30 am.

The EIA petroleum status bulletin posts at 12 pm.

Federal Reserve officials John Williams, president of the New York Fed, and Austan Goolsbee, president of the Chicago Fed, are scheduled to speak on Thursday.

In pre-market action, bitcoin traded at $110,950, West Texas Intermediate crude oil traded lower at $63.11, and 10-year US Treasuries offered 4.19%. Spot gold traded for $3,542 an ounce.

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