-- The euro fell in early trading as political uncertainty in Europe increased following parliamentary elections at the weekend. The dollar was steady.The currency fell as much as 0.3% to its weakest in about a month, under-performing its major peers. US equity futures were little changed in early trading. While Asian stock futures fell Friday as traders slashed bets on Federal Reserve easing, most major markets are closed Monday for a holiday.
The latest jobs figures highlight a labor market that continues to defy expectations and blunt the impact on the economy from high interest rates and prices. That strength risks keeping inflationary pressures stubborn, which will likely reinforce the Fed’s cautious stance. With the Fed widely expected to stay on hold, the focus of the meeting will be the new Summary of Economic Projections. Back in March, Fed officials maintained their outlook for three rate cuts in 2024.S&P 500 futures were little changed as of 7:07 a.m. Tokyo time. The S&P 500 fell 0.1%The yield on 10-year Treasuries advanced 15 basis points to 4.
A new war video released by Ukraine appears to show a US-supplied M2 Bradley attacking a Russian personnel carrier at close range in Donetsk.“Fear factor”: Trump World Tower fights off name change A political journalist known for critiquing the Trump administration says a member of former President Donald Trump’s own team caught him in a lie after his rambling post-verdict speech following his hush-money trial. In an episode of the Fire and Fury podcast, his inaugural podcast, Michael Wolff tells James Truman that the former commander-in-chief utilized his trial for entertainment purposes, adding that being inside the courthouse was “exciting quite dramatic.