The major market moves today

Global stocks rose as Chinese shares soared the most since August, while other markets fluctuated before a meeting between Donald Trump and China’s Xi Jinping. Oil extended gains.

Тhe monthly U.S.
jobs report comes at the end of a week that saw American automakers report disappointing sales. Stocks are becoming expensive relative to historical valuations, but they remain cheaper than bonds.

The TV debate between French presidential hopefuls extended beyond four hours on Tuesday night, covering topics from the nation’s debt to ethics. The upcoming election is seen as a barometer for the strength of populist politics.

Upcoming events of note for investors:
U.S. central speakers include William Dudley, president of the New York Fed, and Governor Daniel Tarullo.
China’s President Xi Jinping will meet U.S. President Donald Trump for two days starting Thursday.
U.S. non-farm payrolls are due Friday.

Here are the major moves in markets:

* The Stoxx Europe 600 was flat after fluctuated between gains and losses.
* Futures on the S&P 500 Index dropped 0.1 percent. The underlying gauge advanced 0.1 percent on Tuesday.

Currencies
* The yen was little changed at 110.69 per dollar, after climbing for three straight days.
* The Bloomberg Dollar Spot Index fell 0.1 percent, after a two- day gain. The euro gained 0.1 percent to $1.0686.
* The Aussie rose 0.3 percent, recouping some of Tuesday’s declines triggered by a warning from the central bank that regulators are prepared to consider further measures to tame runaway house-price growth.
Bonds
* The yield on 10-year Treasury notes fell one basis point to 2.35 percent, after rising four basis points on Tuesday.
Commodities
* Oil climbed 0.8 percent to $51.45 a barrel, adding to Tuesday’s advance which was the highest close for crude since March 7.
* Gold was little changed at $1,255.60 an ounce, after a three- day advance.

Source Bloomberg

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