Global Markets Dip as Investors Await US Jobs Report

1 min read
Source: Benzinga
Global Markets Dip as Investors Await US Jobs Report
Photo: Benzinga
TL;DR Summary

U.S. stock futures are slightly down on Thursday following record highs, as Federal Reserve Chair Jerome Powell's comments on the economy and inflation suggest a cautious approach to rate cuts. Despite this, market expectations for a December rate cut have increased. Bitcoin has surged past $103,000, boosting stocks like MicroStrategy and Coinbase. Meanwhile, crude oil prices are up ahead of an OPEC+ decision, and U.S. economic data shows mixed results with lower-than-expected private payrolls and a drop in the ISM services PMI.

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