U.S. equities are relatively mixed
U.S. equities are relatively mixed ahead of the Thursday open, with a variety of factors vying for investor attention ahead of the November payrolls report tomorrow. Among them, ongoing tax bill negotiations, a tech rebound, the debt ceiling deadline, and a huge 12k cull of GE power staffers. Initial jobless claims dipped 2k to 236k, largely as analysts expected. The Dow is 65-points lower (losses likely trimmed by a large fair value adjustment), S&P is 1-point lower and NASDAQ is 13-points higher in pre-market action. This followed equally mixed trade in Asia after Japan's N-225 rallied 1.45%, but China's CSI 300 sank 1.11%. Europe is lightly higher, despite a 1.4% plunge in German industrial production. The dollar index is 0.2% firmer near 93.69, while gold has probed lows of $1,254 and Treasury yields are sinking again. Consumer credit is due later, but typically ignored.