US futures are on the rise as the Wall Street rally is expected to continue; job data at a glance



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US stock index futures were slightly higher on Friday, as Wall Street looked set to make gains for a fifth consecutive day, hoping to make progress in US-Mexico trade talks. .

At around 2:00 am, Dow's futures contracts rose 35 points and posted a positive opening of about 52 points, while the S & P 500 and Nasdaq also rose.

Investors will also closely monitor the latest non-farm payrolls from the United States, which are expected to appear during the afternoon session of Europe. Economists polled by Reuters predict that the United States will create 180,000 jobs in May. However, if the figure is radically different, this could have an impact on the current thinking of the US Federal Reserve regarding interest rates.

At the same time, talks between Washington and Mexican officials continued Thursday afternoon. Mexico's ambbadador to the United States, Martha Barcena Coqui, told CNBC that the negotiations involved a "very good discussion".

Mexico has also agreed to send its national guard to its border with Guatemala to stem the flow of undocumented migrants in hopes of reaching the United States, Reuters reported on Thursday.

Markets will follow ongoing negotiations on Friday after stocks peaked on Thursday, according to reports that the United States is considering delaying the imposition of a 5% tariff on Mexican imports, which should enter into force on Monday.

The Dow Jones Industrial Average gained 181.09 points on Thursday, bringing the week 's total gains to more than 900 points and allowing it to stay in the race for the best week of the year. The S & P 500 gained 0.61% and the Nasdaq Composite 0.53%.

Regarding the data, the May figures on unemployment, non-farm payroll and average hourly earnings are to be released on Friday at 8:30 am ET. The April wholesale trade data are expected at 10:00 am ET and consumer credit figures will be released at 3:00 pm ET.

There is no publication of business results to note.

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