European stock-index futures were little changed, with the region’s equities heading for their first weekly decline since January, before a report that will probably show the U.S. economy created more jobs last month. U.S. index futures and Asian shares rose.
Most Chinese stocks fell as investors weighed the implications of Shanghai Chaori Solar Energy Science & Technology Co.’s bond default and prospects for economic reforms at the National People’s Congress.
Asian stocks rose, with the regional index heading for a fourth weekly increase, as bond risk in the area fell to the lowest in 11 weeks before U.S. jobs data today. Corn jumped to a six-month high and Indonesia’s rupiah gained while European equity-index futures were little changed.
The dollar was set for its biggest weekly gain in three months versus the yen before the release of U.S. payrolls data, with Federal Reserve officials reiterating the threshold for changing its stimulus tapering is high.
Stepping up verbal intervention may be the Reserve Bank of Australia’s only option to curb the Aussie as strengthening economic data and a neutral policy stance drive the currency toward a three-month high.
El Salvador Vice President Salvador Sanchez Ceren is favored to win the presidency this weekend amid a spike in gang violence and investor concerns about the government’s embrace of Venezuela’s socialist government.
The top-performing Philippine stock fund in the past five years has doubled holdings of consumer companies as record remittances boost the spending power of shoppers in Southeast Asia’s fastest-growing economy.