Most global stocks traded lower on Monday on the back of a lower-than-expected job report. The Bureau of Labor Statistics reported 559,000 jobs in May, a lower figure than the expected 650,000.
- S&P 500, Dow Jones, and Nasdaq 100 all shed between 0.1%-0.3% following Friday’s job report.
- The dollar index gained 0.2% while 10-year Treasury note jumped by 2 basis points to hit 1.577%
- Shanghai Composite opened up 0.2% while Japan’s Nikkei gained 0.3%
- Euro Stoxx 50 shed 0.1%, but FTSE 100 traded higher at 0.1%
- Brent crude traded lower by 0.8% at $71.34 a barrel while WTI futures shed 0.7% to trade at $69.12 a barrel on supply uncertainties from Iran.
Investors will be keen on Thursday’s U.S inflation data, expected to show that prices surged by 4.7% last month. SPY is currently down 0.019% on premarket, EURO Stoxx 50 is up 0.26%, NI225 is up 0.27%, DXY almost unchanged at -0.01%.