Stocks gain as rate hike bets ease on soft NFP – Newsquawk US Market Wrap

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SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar down, Gold down REAR VIEW: NFP softer than expected; G7 leaders confirm 100mln barrels release, Macron said diesel and crude stocks to be released over 4 months; Fed’s Logan sees at least 50bps of hiking need to return inflation to 2% goal; Toshiba is to double AI data center HDD capacity by FY27; TSLA Q3 deliveries beat. COMING UP: Data: Japanese Consumer Confidence (Sep), Global S&P Services/Composite PMI Final (Sep), EU PPI (Aug), US ISM Services PMI (Sep). Speakers: ECB’s Schnabel; Fed’s Goolsbee WEEK IN FOCUS: FOMC Minutes, US ISM Services PMI,…

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