FYI: Global stocks climbed on Friday, with Chinese markets closed for a holiday, ahead of U.S. jobs data that could figure into a decision from the Federal Reserve on the possibility of an interest-rate cut as soon as this month.
In Europe, the Stoxx Europe 600 was up 0.6% in morning trading. In Asia, Japan’s Nikkei was up 0.5% and Korea’s benchmark Kospi index gained 0.2%.
In the U.S., futures pointed to opening gains of 0.3% for the S&P 500 and 0.2% for the Dow Jones Industrial Average.
Investors were awaiting U.S. jobs data later Friday for clues on how trade tensions were affecting growth and inflation in the world’s biggest economy. Economists expect the rate of job growth slowed in May, while the unemployment rate ticked up.
Meanwhile, the 10-year U.S. Treasury yield was flat from Thursday at 2.124%. The yield on the equivalent German bonds remained in negative territory at -0.229%. Yields move inversely to prices.
On Friday, the German central bank said growth in the country would likely slow to 0.6% in 2019 from 1.5% the previous year, before rising to 1.2% next year. In December, the Bundesbank growth forecast was 1.6% for this year and next.
One major focus this week has been continuing concerns around global trade. Officials from the U.S. and Mexico have been in negotiations this week, discussing security at the countries’ borders ahead of the introduction of tariffs planned for next week on $350 billion of imports from Mexico.
The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was up 0.1%.
The Turkish lira was down 1.2% against the dollar, as investors remained skittish about unorthodox policy introduced by the government of President Recep Tayyip Erdogan.
In commodities, global benchmark Brent crude oil was up 1.6% at $62.63 a barrel.
Regards
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-advance-ahead-of-u-s-jobs-data-11559895022Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-06/asia-stocks-seen-higher-on-mexico-tariff-optimism-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-beyond-meat-stock-market-rally-mexico-tariffs-zoom-video-stock/CNBC:
https://www.cnbc.com/2019/06/07/us-futures-edge-higher-as-wall-street-rally-set-to-continue-jobs-data-in-focus.htmlReuters:
https://www.reuters.com/article/us-usa-economy/strong-u-s-jobs-growth-expected-in-may-trade-tensions-a-threat-idUSKCN1T8086U.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-heads-for-fifth-day-of-gains-idUKKCN1T80LHEurope:
https://www.reuters.com/article/us-europe-stocks/european-stocks-recover-after-ecb-disappointment-idUSKCN1T80M7Asia:
https://www.marketwatch.com/story/asian-stocks-rise-on-hopes-of-us-mexico-deal-to-avert-tariffs-2019-06-06/printBonds:
https://www.cnbc.com/2019/06/06/treasury-yields-edge-lower-as-wall-street-rally-fades.htmlCurrencies:
https://www.cnbc.com/2019/06/07/forex-market-us-jobs-report-ecb-policy-in-focus.htmlOil:
https://www.cnbc.com/2019/06/07/oil-market-us-mexico-talks-opec-supply-cuts-in-focus.htmlGold:
https://www.cnbc.com/2019/06/07/gold-market-fed-rate-cut-expectations-us-mexico-tariffs-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
