FYI: • Europe stocks edge down, Asian stocks mixed
• Gold, crude prices slip
• U.S. Treasury yields tick lower
European stocks were muted Friday after a mixed session in Asia, as U.S. markets prepared to return from a public holiday and ahead the U.S. jobs report for June later in the day.
The Stoxx Europe 600 slipped 0.2% at the open, with Germany’s DAX down 0.1% and the U.K.’s FTSE 100 down 0.2%.
The yield on 10-year German bonds was little changed at minus 0.400%, from minus 0.402% Thursday when it fell below the European Central Bank’s policy rate of minus 0.4% for the first time.
Asian stock markets were mixed. Hong Kong’s Hang Seng slipped 0.1% while the Shanghai Composite and Japan’s Nikkei both gained 0.2%.
The U.S. dollar firmed, but could be vulnerable if nonfarm payrolls data are weak, as they are likely to be figure in to the Federal Reserve’s decision making on interest-rate policy. The WSJ Dollar Index, which measures the currency against a basket of its peers, rose 0.2%.
U.S. futures were slightly lower, with both the S&P 500 and the Dow Jones Industrial Average down 0.1%.
In commodities, global oil benchmark Brent crude fell by 0.4% to $63.07 a barrel. Gold also fell 0.3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-waver-ahead-of-u-s-jobs-report-11562313342Bloomberg:
https://www.bloomberg.com/news/articles/2019-07-04/asia-stocks-set-for-muted-start-as-jobs-data-loom-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-apple-stock-facebook-stock-amazon-stock-netflix-stock-market-rally/CNBC:
https://www.cnbc.com/2019/07/05/stock-market-us-markets-await-key-jobs-data.htmlReuters:
https://uk.reuters.com/article/uk-usa-economy/u-s-job-growth-seen-accelerating-rate-cut-still-expected-idUKKCN1U00AHU.K.
https://uk.reuters.com/article/uk-britain-stocks/miners-tug-ftse-100-lower-ahead-of-u-s-payrolls-data-menzies-sinks-idUKKCN1U00L6Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-flat-ahead-of-u-s-jobs-data-samsungs-outlook-hits-chip-sector-idUSKCN1U00N3Asia:
https://www.marketwatch.com/story/asian-stocks-fall-ahead-of-us-jobless-data-2019-07-05/printBonds:
https://www.cnbc.com/2019/07/05/bond-markets-treasury-yields-tick-lower-as-investors-await-key-jobs-data.htmlCurrencies:
https://www.cnbc.com/2019/07/05/forex-markets-dollar-us-jobs-report-in-focus.htmlOil:
https://www.cnbc.com/2019/07/05/oil-markets-global-economy-in-focus.htmlGold:
https://www.cnbc.com/2019/07/05/gold-markets-us-jobs-data-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx
