US Futures Steady Ahead Of US Jobs Data
US Futures Steady Ahead Of US Jobs Data US equity futures trade flat, recovering from an earlier loss as big as 0.6% and set for a 2% gain on the week, as investors awaited the June payrolls data ( full preview here ) to gauge whether the world’s largest economy will avoid a recession. At the same time, the yen and dollar both found haven demand with newsflow dominated by the assassination of former Japan prime minister Shinzo Abe. Contracts on the SP 500 dipped 0.1% to just above 3,900, signaling US stocks would likely retain weekly gains absent a payrolls shock report. Treasuries rose, with the 10-year yield dropping 1 basis point to 2.97%. The Bloomberg Commodity Index headed for the longest streak of weekly losses since March 2020. Shockwaves spread across the world and global markets as Japan’s former Prime Minister Shinzo Abe was assassinated. Asian stocks pared an increase and the yen, a haven asset, strengthened. Before the shooting, the possibility of 1.5 trillion yuan ($220 billion) of stimulus in China, mostly for infrastructure, had aided sentiment.
US Futures Steady Ahead Of US Jobs Data
US Futures Steady Ahead Of US Jobs Data US equity futures trade flat, recovering from an earlier loss as big as 0.6% and set for a 2% gain on the week, as investors awaited the June payrolls data ( full preview here ) to gauge whether the world’s largest economy will avoid a recession. At the same time, the yen and dollar both found haven demand with newsflow dominated by the assassination of former Japan prime minister Shinzo Abe. Contracts on the SP 500 dipped 0.1% to just above 3,900, signaling US stocks would likely retain weekly gains absent a payrolls shock report. Treasuries rose, with the 10-year yield dropping 1 basis point to 2.97%. The Bloomberg Commodity Index headed for the longest streak of weekly losses since March 2020. Shockwaves spread across the world and global markets as Japan’s former Prime Minister Shinzo Abe was assassinated. Asian stocks pared an increase and the yen, a haven asset, strengthened. Before the shooting, the possibility of 1.5 trillion yuan ($220 billion) of stimulus in China, mostly for infrastructure, had aided sentiment.