Markets Cautious Ahead of US Jobs Data That Could Sway Rate Hike Bets

Global markets steadied as investors look ahead to US jobs data that could influence rate hike bets.

Stocks and bonds traded slightly weaker amid uncertainty over the pace of future rate hikes.

Strategists say only an equities crash can spark a sustained bond rally with higher rates.

French train maker Alstom shares plunged 35% on reduced financial guidance.

Upcoming US jobs and inflation data to help determine if 10-year Treasury yield hits 5% or falls to 4.5%.