📆 Friday, October 4
► European stocks are up slightly as European traders also await the highly anticipated US labor market report for clues on future rate cuts. The Stoxx 600 is trading 0.2% higher but is at risk of a weekly loss due to fading optimism over Chinese stimulus measures. France's industrial production jumped 1.4% month-on-month in August, while Spain’s industrial output shrank by 0.1%. Germany's construction PMI rose to still low 41.7 in September from 38.9 in August. Yields on UK and German bonds were slightly up, reflecting broader market caution ahead of the U.S. data.
► US stock futures gained slightly as investors prepared for the release of September payroll data, expected to show payrolls increasing by 150,000 with unemployment holding at 4.2%. It would be thus yet another report that shows that the US labor market remains robust. Treasury yields remained flat, and the USD strengthened, poised for its biggest weekly gain in six months, amid expectations of a less aggressive path for interest rate cuts.
Subscribe to see more
