What Happened Overnight — Market Recap
1. SPX crossed 6,000 for the first time since February.
2. SPX +1.03%, Nasdaq +1.20%, Russell 2000 +1.60%
3. US jobs data eased fears of an economic slowdown
USD OIS rates:
Rate cut bets scaled back — just -4 bps priced for July after the jobs report
UST Yields:
1. 2Y > 4.00%
2. 10Y +11 bps → 4.50%
Dollar Index +0.45% → 99.19
Brent Oil +1.8% → $66.49
US will send three officials to London on Monday to resume trade talks with China
Up ahead:
A data-light week with speakers from BoJ, ECB, and BoE in focus