Adding to the downbeat mood, a private survey showed China's services activity expanded at the slowest pace in eight months in August, as weak demand persisted and stimulus efforts failed to meaningfully revive consumption. The S&P 500 ended higher on Friday after a jump in unemployment cemented expectations of a pause in the Fed's interest rate hikes this month. Traders' bets that the Fed will leave rates unchanged in the next policy meeting stood at 93%, while pricing in a 62% chance of a pause in November, up from 52% a week ago, according to the CME FedWatch tool.
Traders work on the floor of the NYSE in New York
Yield on the 10-year Treasury notes climbed to 4.21% ahead of more economic data and the Federal Reserve's policy meeting later this month.Adding to the downbeat mood, a private survey showed China's services activity expanded at the slowest pace in eight months in August, as weak demand persisted and stimulus efforts failed to meaningfully revive consumption.
The S&P 500 ended higher on Friday after a jump in unemployment cemented expectations of a pause in the Fed's interest rate hikes this month.
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