With All Eyes on Payrolls, Stocks and Bonds Remain Steady – Europe Market Wrap

Stocks, bonds, and the Dollar swung in narrow ranges as traders anticipated the monthly US jobs report, which would help determine the course of interest rates.

S&P 500 futures were barely changed, putting the index on track for a 0.7% weekly gain. Treasury 10-year yields remained at 4.43%. In Europe, markets were on track for their longest weekly advances since March.

In other market developments, US Treasury Secretary Bessent stated that he supports a strong Dollar and does not intend to change the government’s debt-issuance plans. During the electoral campaign. Trump expressed concern about the strength of the Dollar, which makes US products more expensive abroad.

[05:56 ET] Iran’s Supreme Leader Khamenei: If US threatens our security, we will threaten their security.