US STOCKS-Futures rise ahead of May jobs report

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* Futures up: Dow 0.33%, S&P 0.34%, Nasdaq 0.47%

By Amy Caren Daniel
June 7 (Reuters) - U.S. stock index futures rose on Friday,
as hopes of an interest rate cut by the Federal Reserve
continued to buoy sentiment ahead of a highly awaited jobs
report.
Bets that the U.S. central bank would cut rates as soon as
next month have helped the S&P 500 .SPX clock three straight
sessions of gains and put the benchmark index on track for its
first weekly gain since May 3. MMT/
Data due at 8:30 a.m. ET will likely show nonfarm payrolls
rose by 185,000 jobs in May after surging 263,000 in the prior
month, according to a Reuters survey of economists. However, a strong employment report may do little to dial
back expectations of an interest rate cut this year.
"We're in this perverse position where good economic data
might not actually be good for the market," said Peter Kenny,
founder, Kenny's Commentary LLC and Strategic Board Solutions
LLC in New York.
"Now people are beginning to lean into this sense that
accommodation by the Fed is the route to go."
Investors will also track talks between the United States
and Mexico, a day after the three main indexes ended higher on a
Bloomberg report that President Donald Trump could delay the
tariffs he had threatened on Mexican goods. At 7:01 a.m. ET, Dow e-minis 1YMc1 were up 86 points, or
0.33%. S&P 500 e-minis ESc1 were up 9.75 points, or 0.34% and
Nasdaq 100 e-minis NQc1 were up 34.5 points, or 0.47%.
Investors ploughed a record $12.3 billion into
investment-grade bond funds and ditched equities over the past
week, according to a Bank of America Merrill Lynch report, as
worries over trade and growth reinforced a run for safe-haven
bets. Tech-oriented equity funds lost $1.1 billion, their biggest
weekly outflows this year, while funds focused on defensive
sectors such as consumer, real estate and utilities all enjoyed
inflows.
Among stocks, Beyond Meat Inc shares BYND.O surged 23.5%
in premarket trading after the maker of plant-based burgers and
sausages said it expects to more than double its revenue and
report breakeven EBITDA this year. Another recent debutant Zoom Video Communications Inc ZM.O
jumped 13.1% after the video conferencing company forecast
full-year revenue above estimates.