Premarket Insights Labor Market Concerns and Mixed Signals from US Futures

# Premarket Insights: Labor Market Concerns and Mixed Signals from US Futures

**Note**: This analysis is generated during US premarket, markets closed but futures trading. Event times in US Eastern Time.

## Major News

Global markets are experiencing mixed sentiment amid ongoing economic concerns and geopolitical developments. U.S. futures showed slight declines in the S&P 500 and Nasdaq, while Dow futures posted a marginal gain. The S&P 500 futures fell by 0.08%, reflecting caution among investors. European indices faced downward pressure, with the DAX down 0.60% and CAC 40 declining by 0.55%, while the FTSE 100 managed a modest increase of 0.51%.

In Asia, the Nikkei rose 1.54%, buoyed by positive sentiment despite global uncertainties. Notably, Goldman Sachs CEO David Solomon warned of potential stock market drawdowns, emphasizing investor skepticism towards certain opportunities, particularly in AI.

In commodities, European power prices turned negative due to increased wind generation from Storm Amy, indicating a shift in energy dynamics. Meanwhile, Hungary’s forint strengthened as traders anticipate a political shift that could improve relations with the EU.

The labor market remains a concern, particularly for young college graduates, as they navigate a challenging job landscape. Overall, market sentiment reflects caution and a focus on economic indicators amid ongoing political and market developments.

## Performances

### US Futures

US futures indicate opening sign for cash market.

### Major US Indices (Previous Close)

### FX Performance

### Commodities Performance

### BTC and ETH Performance

## High-Importance Economic Events

On October 3, 2025, several key economic events are poised to influence market dynamics, particularly in the currency markets.

The S&P Global Services PMI for Russia reported a disappointing figure of 47.0, indicating contraction and likely exerting downward pressure on the RUB. In contrast, the HCOB Spain Services PMI exceeded expectations at 54.3, suggesting robust growth, which may bolster the EUR against other currencies.

Italy and France’s services PMIs also surprised positively, with Italy at 52.5 (forecast 51.5) and France slightly below expectations at 48.5 (forecast 48.9). However, Germany’s Services PMI fell short at 51.5 (forecast 52.5), potentially weighing on the EUR.

The Eurozone Composite PMI matched forecasts at 51.2, while the Services PMI was slightly below at 51.3 (forecast 51.4). The Bank of England Governor Andrew Bailey and ECB President Christine Lagarde are scheduled to speak, which could provide further guidance on monetary policy and impact GBP and EUR movements.

In the U.S., the ISM Non-Manufacturing PMI is expected to show a slight contraction at 51.8, which could influence