Market Update

S&P futures vs fair value: +14.4 at 954.9. Latest unemployment data came out today. Non farm Payrolls Report showed that in May, 345,000 jobs were lost, pushing the unemployment rate to 9.4%. The consensus estimate was 9.2%. Although unemployment rate rose to a 26-year high, May unemployment number was the best since September 2008. On the other hand, Manufacturing job losses totaled 156,000 up from the expectation of 150K.

Meanwhile European bourses are Germany's Dax is up 1.16% all trading in the green today. France's CAC is up 2.04%, and FTSE of UK is up 2.06%.