US Stock Futures Decline Ahead of Vital Jobs Report – Europe Market Wrap

A cautious tone dominated markets ahead of a major US jobs report that might shed light on the Fed’s policy path.

US stock futures edged lower. The Dollar’s modest gains have placed it on track to advance for the ninth time in ten weeks. Treasury yields edged higher. Oil prices fell for the third day in a row.

Equities in China climbed, indicating that investors were bracing for further economic stimulus measures from a key policy meeting beginning on Wednesday.

Europe’s Stoxx 600 equity index rose 0.2%. The Euro pared losses after briefly falling following weaker-than-expected production data.

South Korea was another focal point, with the Won recovering from earlier losses when the country’s Army Special Forces Commander stated that there will be no second martial law. The country’s main stock index plummeted as much as 1.8% before trimming its losses.

Oil prices fell further on concerns that OPEC+’s plan to delay the restart of stalled production would not prevent a surplus from building next year.