Shares around the world had mixed movements with Chinese tech names surging and Europe steady. U.S. share futures were up marginally. Focus remains on U.S. data this week, with forecasts predicting a 75,000 job gain and a 4.3% jobless rate. The prospect of lower borrowing costs has kept Wall Street near record highs.
France’s Prime Minister seeks to stave off government collapse in a confidence vote. French and German 10-year yield gap widened sharply last week. Long-dated bond yields in Europe are rising, with German 30-year yields hitting a 14-year high. European yields drove the euro higher. Gold and oil prices rose on Monday.
U.S. tariff policy and trade agreements remain a concern. Talks with Japan and South Korea have hit obstacles. Fed Governor Lisa Cook set to file fresh arguments against her firing. Investors wary of Trump’s attacks on Fed independence. Court of Appeals rules many of Trump’s import levies illegal.
Read more at Yahoo Finance: Europe stocks steady, bonds struggle ahead of crucial US data this week
