Global shares gain, bonds supported as oil drops ahead of US jobs data - Reuters — SkimNews
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- Global shares gained and bonds were supported as oil prices dropped, with investors awaiting the upcoming US jobs data (Reuters).
- US futures climbed and Treasury yields held flat as oil eased, while the global bond market steadied following a sharp prior sell-off (CNBC, AP News, Financial Times).
Why it matters: Markets are in a holding pattern ahead of the US jobs report — the print will set near-term direction for rate expectations, bond yields, and risk assets. The FT's mention of a recent sharp bond sell-off now steadying suggests recent rate volatility, not just today's calm, is the backdrop traders are navigating.
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