Stocks fluctuate as traders brace for U.S. jobs data - BNN Bloomberg

Shares in Europe erased early declines, but were still on course for their worst week since the middle of March. U.S. equity futures steadied after Thursday's losses in the S&P 500 and Nasdaq 100 benchmarks sparked by stronger-than-expected private hiring data.

Traders added to wagers of more rate hikes as ADP Research Institute data on Thursday showed US companies added the most jobs in more than a year in June. Friday's US nonfarm payrolls and unemployment reports will be key to any more revisions in rate-hike expectations after the ADP numbers prompted a spike in Treasury yields.

Stocks have been losing ground in July after a strong first half of the year as hawkishness from central banks from the U.S. to the U.K. damps hopes of a soft landing for the global economy. One of the hottest trades has been technology shares, driven by the buzz around artificial intelligence, but Bank of America Corp. strategists said investors who piled into the sector risked being caught off-guard in the selloff sparked by rate hikes.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. stocks decline as China data saps risk sentiment - BNN BloombergU.S. equity futures and European stocks followed Asian shares lower, while bonds declined after weak services-industry data from China raised fresh concerns about the outlook for the global economy.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

TSX recap: Index finishes 0.25% higher amid gains in energy stocks - BNN BloombergGains in energy and battery metals helped lift Canada's main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

TSX today: Index down nearly 100 points as tech stocks fall - BNN Bloomberg​Canada's main stock index was down nearly 100 points, as losses in the technology sector helped lead the way lower, while U.S. stock markets fell in afternoon trading.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Global stocks slide as traders bet on more hikes - BNN BloombergStocks fell with bonds on signs that central banks will keep driving up interest rates to tame inflation.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »