By Dow Jones Newswires Staff

U.S. futures and global markets were mostly higher following volatile sessions over the start of the month following a global bond selloff, and after the latest jobs report which raises hopes for a Fed interest rate cut this month.

--U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Focus is on U.S. ADP jobs data due to be released at 1215 GMT and on Friday's non-farm payrolls data.

--Asian indexes were mostly higher apart from China, whose shares reversed early morning gains. Technology-related stocks took the biggest hit, and worries grew that regulators may step in to cool the market, which has been gaining strongly in recent sessions. In the mainland, ChiNext fell 4.3%, Shanghai dropped 1.3% and Shenzhen closed 2.1% lower. Hong Kong's Hang Seng was down 1.1%. Elsewhere, stocks rose, tracking Wall Street moves, with South Korea's Kospi and Japan's Nikkei adding 1.5% each.

--European indexes were higher except for France's CAC 40 which was down 0.1% ahead of a crucial confidence vote on Monday. Prime Minister Francois Bayrou recently called for a confidence vote on Sept. 8 on his budget. London's FTSE 100 index was up 0.2%, Germany's DAX rose 0.4% and the Stoxx 600 index was 0.3% higher.

Sanofi was the biggest faller in Europe--down 9.1%--despite the French pharmaceutical company reporting positive results from an eczema trial. Travel companies, including easyJet and British Airways owner IAG were down 4% and 1.8% respectively after Jet2 said it expects fiscal 2026 earnings to be at the lower end of forecasts due to a later booking trend.

--Yields on U.K. government bonds fell as calm returned to markets. Long-dated yields jumped earlier this week, taking the 30-year yield to its highest since 1998. The 10-year gilt yields fall nearly three basis points to last trade at 4.728%, Tradeweb data show.

--The dollar edged higher as investors turn their focus to U.S. labor market data for clues on the pace of expected interest-rate cuts by the Federal Reserve. The DXY dollar index has rallied in seven of the last ten Septembers. The DXY rose 0.1% to 98.203

--Gold futures fell, pulling back from record highs on profit taking. Futures are down 1% at $3,598.70 a troy ounce, having set an all-time peak of $3,640.10/oz in the prior session. The precious metal remains up nearly 4% on week on expectations of a September U.S. interest rate cut, tariffs raising costs and rising pessimism around market growth, Pepperstone's Ahmad Assiri said in a note.

--Oil prices fell in early trading, extending the previous session's losses on concerns that OPEC+ members might consider releasing more barrels in October. Brent crude was down 0.9% to $66.96 a barrel, while WTI traded 1% lower to $63.32 a barrel. Both benchmarks dropped Wednesday following a Reuters report that the alliance would consider boosting output further at a policy meeting this week, contrary to widespread market expectations.

Write to Barcelona Editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

September 04, 2025 04:11 ET (08:11 GMT)

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