Stocks stumble, bonds buckle as U.S. payrolls loom

Although yields were lower on Friday, long-dated borrowing costs in Europe and the United States were set to end the week more than 20 bps higher.

"But the UK is doing none of the same. This is amplified by the U.S. self-sufficiency on much of its own food, oil and energy products," he said. Three-year and 10-year Australian government bond yields each rose a dozen basis points on Thursday and a dozen more on Friday to hit decade highs.Broader non-farm payrolls data is due at 1230 GMT on Friday and economists polled by Reuters expect the U.S. economy added 225,000 new jobs in June versus 339,000 in May.497,000 last month, the ADP National Employment report showed on Thursday, against expectations for a 228,000 increase.

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Stocks drop as Chinese, eurozone data disappointStock markets retreated Wednesday on disappointing eurozone and Chinese economic data and rising tensions between Beijing and Washington.
منبع: eNCA - 🏆 49. / 51 ادامه مطلب »

Stocks slide, US yields climb amid hawkish Fed, China tensionsAsia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the U.S. Federal Reserve confirmed its hawkish stance, while an escalating trade battle between China and the United States also dampened sentiment.
منبع: ReutersAfrica - 🏆 31. / 53 ادامه مطلب »