Week InReview: August 4, 2023

Seeking clues.

Stocks in Asia were set for a mixed open following a slump in US equities and bonds, as focus shifts to Friday's jobs report for clues on the outlook for the Federal Reserve's next steps. Futures for benchmark indexes in Japan pointed to a decline, while those for Hong Kong were set to rise. The S&P 500 and the Nasdaq 100 both declined a third day, setting them on a course for their worst weeks since mid-March. Another slide in longer-dated Treasuries put them on pace for their worst week of 2023 amid signs of unexpected economic strength.

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