US stock futures edge lower following a Friday spike on Wall Street that was fueled by a strong jobs report. Markets are now gearing up for fresh inflation data which could provide more clarity on the path ahead for Federal Reserve interest rate policy in the coming months. Elsewhere, global miner Rio Tinto confirms a takeover…
The U.S. dollar stabilized Monday, holding onto the gains seen after Friday’s strong jobs report at the start of a week that includes the release of key inflation data as well as the minutes from the last Federal Reserve meeting.
Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region.
Bitcoin tracked strong gains in global stock markets after stronger-than-expected U.S. nonfarm payrolls data quashed fears of a U.S. recession. But the reading also diminished expectations for deep interest rate cuts by the Federal Reserve.
European stocks slipped on Monday as the initial euphoria over strong U.S. jobs data last week faded and rate-sensitive sectors such as real estate and utilities came under pressure from higher bond yields.
