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Stocks rise before a US payrolls report. Traders will scour the data for clues before next week's Federal Reserve meeting.
Amazon rallied in early trading on strong earnings, which showed growth in cloud computing and online retail. Apple gave a tepid forecast for holiday sales. Intel jumped as the results spark optimism of a turnaround.
Oil jumps as Axios reports that Iran may be preparing to attack Israel from Iraqi territory in the coming days. Exxon Mobil and Chevron release earnings today.
UK bonds extended losses, with the 10-year set for the worst week of the year. Chancellor Rachel Reeves sought to reassure markets, saying in a Bloomberg TV interview that the government's “No. 1 commitment” is “economic and fiscal stability.”
Treasury 10-year yields edge lower but still post the biggest monthly jump since September 2022 ahead of the October non-farm payrolls report due Friday.
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