Jobs data will be in focus today, after the Labor Department said the U.S. economy added 148,000 jobs in December. Although this marked the slowest pace of job growth in three months -- and missed the consensus forecast for 198,000 new jobs -- stock futures are holding onto early gains, as wages increased slightlyand the unemployment rate held at 4.1%. Another positive session would have the Dow Jones Industrial Average (DJI) extending its newfound lead over the 25,000 mark, and bring its daily win streak to four. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also trading above fair value, pointing to another record-setting day for U.S. stocks.
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The global stock market rally continued overnight, with Asian markets capping off a strong week with more gains. The Nikkei pushed further into 26-year-high territory, closing the session up 0.9%, boosted by blue chips like Sony and Toyota. Chinese shares also rose, with real estate stocks among the top performers. By the close, the Shanghai Composite was up 0.2% and Hong Kong's Hang Seng added 0.25%. In South Korea, the Kospi jumped 1.3%.
European shares are on the rise, too. In fact, the FTSE 100 is pacing for its highest close ever, last seen trading up 0.3%. Meanwhile, the German DAX was up 1.1%, and France's CAC 40 had added 0.8%. Automakers across the region are seeing heavy buying, a theme that's been consistent for most of the week. In economic news, consumer confidence in France rose in November, while eurozone inflation for December matched expectations.