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Futures, Stocks Decline With Jobs Data in View: Markets Wrap

  • Utilities drag Europe stocks lower; Oil gains on OPEC+ meeting
  • Traders await non-farm payrolls as inflation concerns linger
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WATCH: Mixo Das, equity strategist at JPMorgan Chase & Co., discusses the market implications of the signs of rising inflation and policies across the globe, and the outlook for Asian markets.

Source: Bloomberg
Updated on

U.S. futures slipped along with European stocks on Monday as traders await fresh catalysts, with the key American jobs data later this week set to provide further clues on the outlook for the world’s biggest economy amid lingering inflation concerns.

Contracts on the S&P 500 and Nasdaq declined, with trading hours curtailed due to the Memorial Day holiday in the U.S. The dollar weakened against a basket of peers. The euro gained after data showed Germany’s inflation rate rose to the highest level since October 2018, while price pick-ups in May were also reported by Spain and Italy. There’s no Treasuries cash trading today, after the 10-year yield closed just below 1.6% on Friday.