Skip to content
- Surging energy prices increased inflationary pressures ahead of crucial US jobs data, sending US futures down alongside equities. The rise in Treasury yields continues. In premarket trade, the S&P 500 and Nasdaq 100 futures fell, with tech behemoths like Apple and Facebook also down.
- European stocks fell to a two-month low as natural gas prices in the area soared, despite the European Union promising quick action to save the economy from being suffocated by the rising costs. The Asia-Pacific MSCI index fell as well.
- The pound fell, after a market-based indicator of expected inflation in the United Kingdom over the next decade reached a 13-year high.
- Since global equities reached a new high last month, markets have been more volatile, with investor concerns about inflation, slowing GDP, and the possibility of less Federal Reserve stimulus adding to the mix. A private payrolls report due later today may provide insight into the job market in the United States ahead of Friday's much-anticipated government statistics.