Global shares rise as bond selloff eases before US jobs
Global shares rose on Friday as wild volatility in bond and currency markets eased, while the dollar fell following weaker-than-forecast US jobs data. The softer employment report reduced expectations that the Federal Reserve would implement an interest rate increase later this month. Major stock indexes closed higher, with Canada's main stock index on track to snap a four-day losing streak. Meanwhile, US bond yields reversed early declines to finish higher as the bond market resumed an ongoing selloff.
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- ✓ Global shares rose on Friday as volatility in bond and currency markets eased.
- ✓ Nonfarm payrolls increased by 29,0.
- ✓ The dollar fell as expectations for a Federal Reserve interest rate increase later this month declined following weaker-than-forecast US jobs data.
- ✓ US bond yields rose after reversing early declines as the bond market resumed an ongoing selloff.
What changed
Major stock indexes rose and the dollar fell on Friday after softer-than-forecast US jobs data reduced expectations for a Federal Reserve rate hike.
Live updates
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Global Shares Rise as Bond Selloff Eases Before US Jobs
Global shares rose on Friday as wild volatility in bond and currency markets eased, while the dollar fell following weaker-than-forecast US jobs data. The softer employment report reduced expectations that the Federal Reserve would implement an interest rate increase later this month. Major stock indexes closed higher, with Canada's main stock index on track to snap a four-day losing streak. Meanwhile, US bond yields reversed early declines to finish higher as the bond market resumed an ongoing selloff.
Why it matters
Investors closely monitored the employment report to gauge the trajectory of central bank monetary policy. Recent turbulence across global bond and currency markets had weighed heavily on international equities. The Federal Reserve faces crucial decisions regarding interest rates later in the month.
What is confirmed
- Global shares rose on Friday as volatility in bond and currency markets eased.
- Nonfarm payrolls increased by 29,0.
- The dollar fell as expectations for a Federal Reserve interest rate increase later this month declined following weaker-than-forecast US jobs data.
- US bond yields rose after reversing early declines as the bond market resumed an ongoing selloff.
Still unconfirmed
- Futures slide as oil jumps and the bond selloff resumes after Trump spurns an Iran offer.
What to watch next
- Upcoming Federal Reserve policy decisions regarding interest rate changes
- Further movements in global bond yields and crude oil prices
confidence 90%Sources used for this update (13)
- www.zerohedge.com — Futures Slide As Oil Jumps, Bond Selloff Resumes After Trump Spurns Iran Offer | ZeroHedge
- Reuters — Asian shares fall after wild swings in bonds, FX; US jobs data looms
- Financial Times — Global bond market steadies after sharp sell-off
- CNBC — Treasury yields inch higher as investors await key jobs report
- Yahoo Finance UK — MARKETS LIVE: FTSE 100 edges higher after Thursday sell-off
- LancasterOnline — World shares mixed after global bond sell-off deepens and ahead of US jobs data
- www.channelnewsasia.com — Global shares gain, bonds supported as oil drops, jobs data misses expectations - CNA
- www.marketscreener.com — Global shares gain, bonds supported as oil drops, jobs data misses expectations | MarketScreener
- www.indiaipo.in — Nifty Outlook for October 5: 8-week losing streak puts focus on RBI policy, earnings and global yields
- cashwalklabs.io — Global shares rise as bond selloff eases before US jobs | Global Cashwalk
- www.theglobeandmail.com — Premarket: Global shares rise as bond selloff eases before U.S. jobs - The Globe and Mail
- finance.yahoo.com — Asian shares fall after wild swings in bonds, FX before US jobs data
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