"Optimism Grows as U.S. Payrolls and Stock Futures Rise"

1 min read
Source: Reuters
"Optimism Grows as U.S. Payrolls and Stock Futures Rise"
Photo: Reuters
TL;DR Summary

Global shares remain steady as investors await China's efforts to boost its economy and U.S. jobs data to determine if the Federal Reserve will raise interest rates this month. Oil prices are set to rebound as supplies tighten. Falls in U.S. Treasury yields have weighed on the dollar, which is on track to end its winning streak. Analysts predict the Fed will pause on rate hikes in September due to weakening growth. There are doubts that the European Central Bank will raise rates as the euro zone economy falters. China's factory activity unexpectedly expanded in August, suggesting government efforts to spur growth may be working.

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