Global Markets Steadied Ahead of Tariffs Announcement, Jobs Report

By Dow Jones Newswires StaffStock markets steadied after a volatile session on Monday as investors prepare for the Trump administration's tariff announcements and Friday's jobs report.Treasury Secretary Scott Bessent told Fox News on Monday the tariff announcements would land at 1900 GMT Wednesday. Safe haven bonds and gold continued to benefit from the uncertainty around tariffs.U.S. stock futures were pretty much flat early in Europe after the S&P 500 recovered to end higher on Monday, but still had its worst quarter since 2022. Equities had a better day in Asia, with gains in China, while in Europe major stock markets also started the day with gains; France's CAC 40 was up 0.7% and Germany's DAX climbed 0.9%.U.S. Treasury yields, which fell on Monday, extended their declines in European opening hours, led by the long end of the curve. The five-year Treasury yield was down four basis points at 3.938%, while the 10- and 30-year year yields fell five basis points. Eurozone government bond yields also traded lower.The dollar steadied and was last flat against a basket of major currencies.Gold prices extended their rally, hitting a fresh record high of $3,177 a troy ounce earlier.Brent crude gained 0.1% to $74.83 a barrel, and WTI crude rose 0.1% to $71.57 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 0.8% to 41 euros a megawatt hour.The euro fell a touch ahead to eurozone inflation data and as investors digested French far-right leader Marine Le Pen being found guilty of embezzling European parliament funds.Bitcoin fell 1% to $81,677.08.Write to Barcelona Editors at [email protected]