Stocks wobble as traders eye US payrolls data, yen at 2-month high

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SINGAPORE: Global stocks meandered on Friday ahead of key U.S.payrolls data as investors considered prospects that a broader trade war could be averted, while the yen hit its highest in nearly two months on rising odds of more rate hikes in Japan this year.

"Markets could face some volatility around the data if it beats expectations, but it won't change the path of the FOMC policy as more data will be needed," said Anderson Alves, a trader with ActivTrades.

European futures pointed to a subdued open after the pan-European STOXX 600 index closed at a record high on Thursday on the back of robust company earnings.

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Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSingapore

Topics: Yen Hang Seng Asia MSCI Markets /Business/Business News FOMC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 15:10:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 668 words

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News ID: 25956601

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