Global shares rise as bond selloff eases before US jobs
Global shares climbed on Friday as bond and currency markets settled after a turbulent period, with key US employment figures set to influence expectations for the Federal Reserve's next policy move. In Europe, prices of longer-term sovereign bonds climbed, with German bonds outperforming those of other heavily indebted nations, such as France and Italy.
The German 10-year yield fell 6.5 basis points, while the French 10-year yield decreased to 4.892%. Analysts warn that if the bond market volatility continues, it could be considered a crisis. European shares edged higher in early trade, but the STOXX 600 index is expected to decline about 1% for the week. US markets saw gains in tech-heavy indices, while Japanese and Chinese markets showed mixed performance.
Investors are looking ahead to the upcoming US jobs data, with expectations of a 90,000 nonfarm payrolls increase and a steady unemployment rate of 4.1%.
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