Markets on tenterhooks ahead of US jobs data

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LONDON :World shares held near three-week lows on Friday, while the dollar regained some ground and crude oil steadied as investors waited for U.S.jobs data that could decide the size and speed of coming interest rate cuts in the world's largest economy.

Ten-year yields have fallen just over 20 bps this week to 3.70 per cent, with the spread over two years on the verge of turning positive.

The Shanghai Composite index closed down 0.81 per cent at 2,765.81 points, while the blue-chip CSI300 index ended 0.81 per cent lower at 3,231.35 points.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermanyJapan

Topics: Cent Friday Market Data Week Lower Futures 2023 Rate Points Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 14:19:05 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 830 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22391308

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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