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Wall Street set for higher open as jobs data cools rate hike fears

Original: Wall St set to open higher as jobs data dampens rate hike odds, yields fall

US stock futures pointed to a higher open on Wall Street after fresh jobs data came in weaker than expected, reducing the odds of further Federal Reserve interest rate hikes. Treasury yields fell in response, easing pressure on equities. Investors are watching labour market signals closely for clues on the path of monetary policy.

Why now: New jobs data shifted expectations for US interest rates, moving bond yields and equity futures.

Wall StreetFederal ReserveUS Treasury market

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• Wall St set to open higher as jobs data dampens rate hike odds, yields fall · Reuters

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