Stocks Rebound as Jobs Data Calms Market Jitters: Markets Wrap

-- Asian equities were poised for gains on Friday after signs of resilience in the labor market lifted US stocks.New York City’s Outdoor Dining Sheds Will Start Disappearing

Treasuries dipped across the curve Thursday — with the selloff led by shorter maturities. Bonds held their losses after a weak $25 billion sale of 30-year government debt. Swap traders further trimmed bets on aggressive Federal Reserve easing in 2024. Cryptocurrencies surged, with investors returning to riskier assets across financial markets. Australian government bonds fell early Friday.

Soft China inflation figures may fuel demand for government bonds, keeping yields near record lows, Bloomberg Economics noted, adding to speculation that the People’s Bank of China may continue to reduce rates to support the economy. Still, Wall Street pros remain on edge about whether Monday’s selloff across global equities marked the worst of the correction — or if there’s still more to come.

Equities are no longer a “one-way upside trade, instead increasingly a two-sided debate on growth downside risks, Fed timing, crowded positioning, rich valuation, and rising election and geopolitical uncertainties,” Lakos-Bujas said.The Japanese yen fell 0.3% to 147.

WAYNE, Mich. — Vice President Kamala Harris and her running mate, Minnesota Gov. Tim Walz, played up their support for organized labor at a Detroit-area union hall on Thursday, with the Democratic nominee saying “we're all in this together” as the new ticket lavishes attention on a crucial base of support.

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