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The jobs report at 8:30 a.m. New York time will set the tone for trading today. A stronger-than-expected reading would add to concerns that the Federal Reserve may not cut interest rates much further given the risk of resurgent inflation.
The pound is slipping further against the dollar, and UK bond yields are rising anew as investors show their skepticism about Chancellor Rachel Reeves' budget plans.
Wall Street executives are locking in plans to award traders and dealmakers their biggest bonus increases since the pandemic, with 10% hikes — or more — coming for many desks.
Asian stocks fall in a sign of caution ahead of US jobs data. European equity futures are largely steady while US peers edge lower. Chinese yields rose as the PBOC said it will temporarily halt its buying of government bonds. The offshore yuan gained.
Treasuries stabilized after a rout that drove 30-year yields to the highest since 2023.
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