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CAPITAL FLOWS IN GLOBAL MARKETS
Ahead of Monday's US vacation, the S&P 500 concluded with a little gain, marking its best week since June.
While energy stocks rose as oil prices hit $85 a barrel, Tesla fell by more than 5%, currently at $245.
The two-year yield on the Treasury reversed direction after initially dropping by as much as 11 basis points in response to the August payrolls data. As a result, the value of the dollar rose to its highest level in three months.
Jobs and wage growth, and the number of persons entering the workforce all pointed to a labour market that is gradually slowing down.
The Fed now has space to hold off on raising rates this month while leaving the door open for a possible rise later in the year as a result of the deceleration.
In an otherwise dismal results season, China's tech and consumer profits shone out as bright spots that might assist equities markets turn around if stimulus measures begin to take effect.
