Posted 1/3/2024, 9:24:37 AM
Stocks and Bonds Decline Ahead of Key US Economic Data That Could Signal Future Rate Cuts
- Bonds extended their drop as traders braced for US data that could show if bets on interest rate cuts are justified
- Stoxx 600 benchmark and US share futures edged lower; dollar flat against peers after biggest daily gain since March
- Question is if Tuesday's combined slump for bonds and stocks was a one-off or start of a durable purge
- China tech stocks in focus after report that top gaming industry official removed; may signal cooling backlash
- Key events this week include FOMC minutes, US jobs data, China services PMI, Eurozone CPI and PPI