The Intelligence Layer Beyond Your Own Book

French bonds fell as the government’s deficit-reduction plans increased political and fiscal concerns across European markets. Meanwhile, oil held above $102 and investors awaited today’s US payrolls report for clues on the outlook for further Fed tightening.

Softer US core PCE reduced expectations of an October Fed rate hike, while upbeat technology forecasts lifted equity futures. The yen weakened after the Bank of Japan’s September meeting minutes disappointed investors hoping for a more hawkish outlook.

Stocks rose and bonds steadied ahead of today’s core PCE report, which could shift expectations for an October Fed rate hike. Meanwhile, oil fell as Middle Eastern supply flows recovered, while stronger-than-expected UK growth supported the pound.