Stocks Wobble as Traders Eye uS Payrolls Data, Yen At 2 month High - xwp

1 Stocks Wobble as Traders Eye uS Payrolls Data, Yen At 2 month High

HK stocks set for strongest weekly efficiency in 4 months

Yen at two month high on rising bets on rate hikes this year

Gold steady near record peak, oil set for third weekly drop

By Ankur Banerjee

SINGAPORE, Feb 7 (Reuters) - Global stocks meandered on Friday ahead of crucial U.S. data as financiers considered potential customers that a wider trade war could be averted, while the yen hit its highest in nearly 2 months on increasing chances of more rate walkings in Japan this year.

In a week that began with U.S. President Donald Trump kicking off a trade war, financiers have been reluctant in making significant relocations as threatened responsibilities on China were implemented.

Beijing's measured tit-for-tat response has actually left space for negotiations, experts say, and that has actually enabled traders to focus on the AI style in China in the wake of home-grown start-up DeepSeek's advancement.

European futures pointed to a subdued open after the pan-European STOXX 600 index closed at a record high on Thursday on the back of robust company profits.

European stocks have actually staged their best efficiency in a decade against Wall Street in the first six weeks of 2025, but focus is now on whether those gains can be sustained.

Eurostoxx 50 futures were down 0.41%, while FTSE futures fell 0.39%. DAX futures eased 0.21%.

Futures for Nasdaq and S&P 500 were down about 0.2% as shares of Amazon insinuated prolonged trading over night on weak point in the retailer's cloud computing system and soft forecast.

In Asia, Hong Kong's Hang Seng Index struck a three-month high, [forum.batman.gainedge.org](https://forum.batman.gainedge.org/index.php?action=profile