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The Breakfast Briefing: Stocks Show Signs Of Steadying Ahead Of Jobs Report
FYI: Global stocks showed signs of stabilizing near the end of a rocky week as investors looked to the U.S. jobs report to provide a fresh signal on the course of U.S. interest rates.
The Stoxx Europe 600 was up 1.1% in early trading Friday from a two-year low, following its biggest daily loss since late June 2016, around the time of the Brexit vote. Markets in Asia were mostly muted, while futures markets pointed to small declines on Wall Street.
The moves came after stocks around the world fell sharply Thursday when the arrest of a top Chinese tech executive and a steep drop in oil prices added to an already volatile trading environment.
U.S. stocks managed to pare most of their declines after European and Asian markets closed Thursday, however, after The Wall Street Journal reported Federal Reserve officials are considering whether to signal a new wait-and-see mentality at their meeting in December that could slow the pace of rate increases next year. Regards, Ted WSJ: https://www.wsj.com/articles/stocks-show-signs-of-steadying-ahead-of-jobs-report-1544172486
