Stocks Edge Higher, Yields Steady Ahead of Jobs Data

By Joe Stonor Stock futures edged higher and Treasury yields steadied in early European trade, as market sentiment lifts at the beginning of jobs day. U.S. nonfarms payroll data for September due later Friday will help shape volatile expectations for the Federal Reserve’s October rate-setting meeting. A stronger-than-forecast print would reinforce the narrative that the U.S. economy is running hot, and would likely sharpen the likelihood of a Fed hike. “This is an important one, as the continued data resilience has been a huge factor supporting U.S. risk assets, and it’s also given the Fed space to start hiking rates,”…