Calm till payrolls, perhaps
SPY•European stocks rose in early trading, with the STOXX 600 up 0.4% and US futures higher, while markets awaited US payrolls. Bond yields fell, and the French-German spread widened.
1. Markets await payrolls
The STOXX 600 rose 0.4% in the first hour of trading, while France's CAC 40 gained a similar amount. The STOXX 600 was still set for a 1.2% weekly fall.
2. Technology shares rise
Technology stocks gained 1.5% to around six-week highs, helping lift broader indexes as rates eased. IG Group shares fell 20% after the London-listed retail-focused broker issued a weak third-quarter trading update.
3. US data in focus
Markets were awaiting US payrolls. The article said a payrolls number that moves Treasury and broader rates could prompt a reaction in stocks.
