All's well. At least until Dec 3 when the U.S. Treasury will again bump up against the newly raised debt ceiling, allowing Congress to put markets through the 'will-they, won't they' agony again. A look at the day ahead from Marketmind via reutersSujataR
All's well. At least until December 3 when the U.S. Treasury will again bump up against the newly raised debt ceiling, allowing Congress to put markets through the 'will-they, won't they' agony yet again.
Still, it's enough to put markets in a better mood -- world stocks enjoyed their biggest daily bounce on Thursday since May while 10-year Treasury yields soared on Friday to 1.6%, four-month highs. Chinese shares rose too as Caixin PMIs showed an expansion in September services activity . All eyes now turn to the 1230 GMT release of the U.S. payrolls data, which a Reuters poll predicted will show 500,000 jobs added in SeptemberRemember what Fed boss Jerome Powell said last month -- that he didn't need "a knockout great super-strong employment report" to feel that conditions had been met to taper stimulus. Chances are the data won't do much to knock the Fed off its tapering course.
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