- Ahead of key US jobs data that could fuel expectations for yet another swift Federal Reserve interest-rate hike, equities were mixed on Friday and global bonds plunged into their first bear market in a generation.
- While European equities rose and Asian shares declined, US futures were little changed. The euro gained momentum, as a dollar gauge moved close to a record high.
- the employment update Following stronger-than-expected us manufacturing data, Friday is anticipated to show significant payroll growth. Trading participants increasingly expect another significant Fed rate increase of 75 basis points to cool inflation.
- Oil price growth offset a significant weekly decline. Russian oil prices are expected to be capped by the G7's most industrialized nations as the country prepares to restart gas shipments through its main pipeline.
