Stock futures are flat as investors grapple with higher yields, await Fed minutes: Live updates
Stocks are coming off a week defined by surging Treasury yields and a surprisingly weak jobs report that helped ease concerns about another Fed rate hike.
Stocks are coming off a week marked by surging Treasury yields and a surprisingly weak US jobs report. This report helped ease concerns about another Fed rate hike.
The weak jobs report, which was much weaker than expected, also led to downward revisions of early jobs growth. This combination of factors boosted Wall Street stocks after a turbulent week, according to ABC News AU.
The ASX is expected to maintain its momentum, with futures trading pointing to a gain on opening. According to ABC News AU, at the close on Saturday morning, futures trading indicated a 0.3% gain, following Friday's 0.8% rally.
Brief written by urgent.news from CNBC World, CNBC, ABC News AU — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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