U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will snap a five-day drop, after American employers added more jobs than forecast. Commodities climbed, while Treasuries erased losses.
Shanghai ordered vehicles off the road and factories to cut production after pollution reached hazardous levels, as Hong Kong announced plans to introduce an air quality index that assesses health risks from smog.
Most Asian stocks fell, with the regional benchmark index posting its biggest weekly drop since August, as improving U.S. economic data fueled speculation the Federal Reserve may bring forward stimulus cuts.
Rubber advanced for a second week as robust car sales in China and the U.S. boosted demand prospects for the commodity used in tires and Japan’s currency weakened against the dollar ahead of U.S. jobs data.
Most emerging-market stocks declined, with the benchmark index heading for the first weekly slide in a month, as Thai shares retreated amid political protests and investors weighed the outlook for U.S. stimulus. The baht fell.
In the twilight of Mayor Michael Bloomberg’s tenure, a New York agency will vote next week to give developers $120 million in tax breaks for two of his signature projects: a new district of offices, apartments and shops on the far west side of Manhattan, and a hotel and mall in a Queens neighborhood filled with auto shops and junkyards.