U.S. stock futures edged higher and Treasury yields steadied in early European trade ahead of key jobs data, as market sentiment lifts at the start of jobs day. Major indexes were set to gain at the open, with Dow and S&P 500 futures rising 0.5% and Nasdaq futures gaining 0.8%. However, Nike’s earnings soured the mood, with shares down 8.9% premarket after the company warned declining sales will continue.
Treasury yields held near multi-decade highs, with the 10-year at 5.236%, while oil prices fell 1.1% to $101.14 a barrel. The dollar pulled back from multi-month highs, buoying bitcoin near $86,000 and gold above $4,200. U.S. nonfarm payroll data for September, due later Friday, will shape expectations for the Fed’s October meeting. A stronger print would reinforce the narrative of a hot economy and sharpen the likelihood of a Fed hike.
Jim Reid of Deutsche Bank noted the continued data resilience supports U.S. risk assets and gives the Fed room to hike. In Europe, the Stoxx 600 rose 0.9%. Asian stocks fell, with Hong Kong’s Hang Seng dropping 2.6% and the Japanese Nikkei down 0.9%.
For the day ahead, jobs data arrives at 1230 GMT, followed by Fed speaker Lorie Logan.
Источник: Wall Street Journal Markets · Сводку подготовил HeadlinesBriefing