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Futures Higher, Nikkei Soars, Gold Tanks, As The World Awaits The Jobs Report

Joe WeisenthalAug 2, 2013, 13:33 IST

REUTERS/Tim WimborneGood morning from New York City! It's the best day of the month: Jobs day!

Today at 8:30 AM ET, we get the monthly Non-Farm Payrolls report. Economists are looking for 195K new jobs, and for the unemployment rate to fall to 7.5% from 7.6%.

Japan had a gigantic night in the market, with the Nikkei soaring over 3%.

US futures are up modestly.

Gold is tanking. The yellow metal is back below $1290, as another slew of strong economic data removes gold's relevance.