Global share markets started in haphazard fashion on Monday as soft U.S. data suggested downside risks for this week's June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.
EUROSTOXX 50 futures added 0.5% and FTSE futures 0.8%. However, both S&P 500 futures and Nasdaq futures eased 0.7%, after steadying just a little on Friday.
"However, we expect consensus profit margin forecasts to fall which will lead to downward EPS revisions whether or not the economy falls into recession." The payrolls report on Friday is forecast to show jobs growth slowing to 270,000 in June with average earnings slowing a touch to 5.0%.Yet minutes of the Fed's June policy meeting on Wednesday are almost certain to sound hawkish given the committee chose to hike rates by a super-sized 75 basis points.
The euro was flat at $1.0429 and not far from its recent five-year trough of $1.0349. The European Central Bank is expected to raise interest rates this month for the first time in a decade, and the euro could get a lift if it decides on a more aggressive half-point move.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk shares rare photo of himself with 4 older sonsElon Musk and four of his seven kids got dressed up in their best formal attire to meet Pope Francis.
Read more »
Poison singer Bret Michaels shares update on his hospitalizationPoison frontman Bret Michaels is thanking supporters as he remains hospitalized for a “medical complication.”
Read more »
Lindsay Lohan shares she is marriedLindsay Lohan has announced she is married.
Read more »
Sharna Burgess posts glimpse of newborn she shares with Brian Austin GreenThe reveal followed the announcement posted to Burgess’ Instagram feed that her bundle of joy with Green entered this world on June 28.
Read more »
JoJo Siwa Shares How She & Girlfriend Kylie Prew Have Set ‘New Boundaries’ for Each Other“It’s good to have people that have your best interest around you, and she really does have mine,” the star said.
Read more »
Wall Street ends first day of third quarter with solid rebound By Reuters*WALL STREET ENDS FIRST DAY OF THIRD QUARTER WITH 1% RALLY - *U.S. STOCK MARKETS WILL BE CLOSED MONDAY FOR THE FOURTH OF JULY 🇺🇸🇺🇸
Read more »