(Bloomberg) — US futures were steady after Friday’s US payroll data helped take the underlying S&P 500 index to the cusp of a bull market. Oil advanced on the back of Saudi Arabia’s pledge to cut production.
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In Europe, stocks edged higher, following gains for benchmarks in Asia. In Tokyo, the Nikkei 225 climbed as much as 2%, headed for its highest close since July 1990, helped by a sharp weakening of the yen last week.
The S&P 500 closed just a few points away from entering a bull market on Friday — a level which would see it rising 20% from its October low. Ahead of the payroll report last week, Federal Reserve officials had signaled that they plan to keep rates steady in June, while retaining the option to hike further in coming months.
Oil advanced at the week’s open after Saudi Arabia said it will make an extra 1 million barrel-a-day supply cut in July, taking its production to the lowest level for several years following a slide in prices. West…
2023-06-05 02:32:01
Source from finance.yahoo.com
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