Global share markets faced uncertainty on Friday, as investors anticipated the U.S. jobs report that could influence the current sell-off trend in the global bond market. Despite being closed for former President Jimmy Carter’s funeral, U.S. futures signaled a cautious approach with Nasdaq and S&P 500 down slightly.
European and UK indices remained flat, turning attention to the U.S. nonfarm payrolls report, with expectations for a rise of 160,000 jobs. Analysts warn that figures deviating from consensus could significantly impact Treasury yields and the dollar, with ING emphasizing the need for a material change to alter current momentum.
Asian markets experienced declines, with Japan’s Nikkei and China’s blue-chip stocks slipping. In contrast, oil prices showed slight gains. Meanwhile, as U.S. Treasury yields increased, they bolstered the dollar index, reflecting a complex global economic scenario.
(With inputs from agencies.)