Fri Sep 06 02:16:06 UTC 2024: – MSCI’s global equities gauge fell over 1% on Friday, with U.S. Treasury yields also dropping
– U.S. jobs report showed a lower-than-expected increase in employment and a drop in the jobless rate
– Traders are now betting on a 73% probability of a 25 basis point rate cut by the Federal Reserve this month
– Wall Street indexes closed lower, with the Dow Jones falling over 1%
– Benchmark 10-year Treasury yields fell after the report, but managed to back away from a 15-month low
– Dollar index rose in volatile trading, with the euro and yen weakening
– Oil prices sold off more than 2% due to concerns around weak U.S. jobs numbers
– Gold prices sank from near-record levels earlier in the day

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