Traders worried that recent strong data could trigger a sell-off if Friday's jobs report falls short of hopes. Sentiment was underpinned by stronger-than-expected figures on U.S. factory activity, which came one day after private-sector payroll data also exceeded forecasts. On the upside, Yahoo gained 3.3% after news that Blackstone Group and Bain Capital, along with Asian partners, were preparing a bid for the Internet giant. The Shanghai Composite jumped 2.3%. European markets slipped.
Friday, December 2, 2011
Treaded water
Traders worried that recent strong data could trigger a sell-off if Friday's jobs report falls short of hopes. Sentiment was underpinned by stronger-than-expected figures on U.S. factory activity, which came one day after private-sector payroll data also exceeded forecasts. On the upside, Yahoo gained 3.3% after news that Blackstone Group and Bain Capital, along with Asian partners, were preparing a bid for the Internet giant. The Shanghai Composite jumped 2.3%. European markets slipped.
