LONDON -- The Dow Jones Industrial Average
In the news today will be the monthly jobs report. July's nonfarm payroll figures are due at 8:30 a.m. EDT and are expected to show an addition of 100,000 new jobs, up from 80,000 in June. Also due is July's unemployment rate -- expected to remain unchanged at 8.2% -- and the latest ISM nonmanufacturing Purchasing Managers' Index, expected to be broadly unchanged at 52.
Companies whose shares may be active when markets open include Proctor & Gamble and Viacom, both of which are due to report before the bell this morning. Molycorp and on-demand car hire firm Zipcar could also be active following disappointing quarterly results after the close last night.
European markets have rebounded this morning after falling heavily yesterday when the ECB failed to announce a fully formed rescue plan for the eurozone. At 7 a.m. EDT, the CAC was up by 2.2%, the DAX was up 2%, the IBEX was up 3.3%, and the FTSE MIB was 4.4% higher. However, Spanish and Italian government bond yields also rose sharply this morning, now that it's clear that no help will be forthcoming from the ECB for these countries unless their governments formally request bailouts. At 6:30 a.m. EDT, the yield on 10-year Spanish government bonds was 7.1%, while 10-year Italian bonds yielded 6.1%. Both were down from earlier peaks.
In London, the FTSE 100
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Roland Head owns no shares of any of the companies mentioned. The Motley Fool owns shares of Zipcar. Motley Fool newsletter services have recommended buying shares of Zipcar and Procter & Gamble. The Motley Fool has a disclosure policy.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.