(Bloomberg) — Treasury yields rose Monday and US stock futures pointed to a rebound. Wheat climbed as Ukraine attacked a Russian oil tanker in the Kerch Strait, threatening a key export route.
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S&P 500 contracts added 0.2% and 10-year Treasury yields increased 8 basis points, reversing some of the moves made on Friday following US payrolls data. European stocks slumped as a index of German industrial output fell to a six-month low, underscoring weakness in the economy.
Trading across markets was mixed on Monday as investors continued to parse confusing signals from Friday’s US job report, which showed wages above forecast even as payrolls growth moderated. Volumes in Europe were also relatively light, with trading of Euro Stoxx 50 stocks about 40% less than the 30-day average.
“Considering August is a quiet month, there has been a lot of attention on the data…
