Friday, September 17

Shares

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Global shares rally slows down as investors await US private-sector jobs data; gold tumbles while oil regains strength

JOHANNES EISELE/AFP via Getty Images Global shares stalled on Wednesday, hovering near record-highs, as caution set in ahead of a key read of US private-sector employment and as a surge in cases of Covid-19 in Asia in particular dented some investor confidence.US stock futures eased, after the benchmark indices hit all-time highs the previous day. Dow Jones futures declined by 0.28%, S&P 500 futures were down 0.15% and Nasdaq futures dipped 0.4% at 4:24 am ET. Economists widely expect the private-sector ADP jobs report to show 600,000 workers were added to payrolls in June, versus May's 978,000.US private-sector jobs data is often used as an indication for how weak or strong the broader US non-farms payroll data-due to be released on Friday-will be. Jobs data has been a key measu...