Equities find footing as yields ease, but jobs data looms
Stocks rebound as Treasury yields ease from highs, but the upcoming US jobs report could reverse the calm.
Stocks rebound as Treasury yields ease from highs, but the upcoming US jobs report could reverse the calm.
September US nonfarm payrolls expected at 90K, with unemployment steady at 4.1%. Release could impact Fed rate hike odds and dollar.
Bitcoin broke out of its range after dovish Fed comments lowered October rate hike probabilities to 25%.
Eurozone consumer inflation rose to 3.8% year-on-year in September, exceeding forecasts. Energy prices drove the increase, while core CPI was steady at 2.5%.
Eurozone inflation rose 3.8% year-on-year in September, above the 3.6% forecast, driven by prior 3.2% reading.
Hong Kong's Hang Seng Index fell up to 3% as US yield surge transmitted through the dollar peg, with financials leading losses.
Dovish Fed remarks support gold above 4,140; all eyes on US NFP data.
ECB's Olli Rehn cites energy prices and AI risks as key uncertainties for inflation and the rate outlook.
European equities opened higher as Treasury yields eased from highs, with markets awaiting the US non-farm payrolls report.
A breakdown of how CPI, PCE and PPI inflation reports each influence markets and the Fed's policy outlook.
Jim Cramer expressed concern that the Federal Reserve's recent rate hike could pressure stocks further.
US payrolls forecast at 90K, but wage data seen as more critical amid bond market inflation concerns.
Asian trading was subdued as investors awaited US payrolls, the dollar stayed firm, and Tokyo's core CPI hit a 10-month high.
Citi Research questions if the Fed needs the aggressive rate hikes markets are pricing in, despite forecasting 3.5% inflation.
Dollar index touched May 2025 high ahead of US payrolls; Asian currencies weakened despite robust regional data.