Markets Await US JOLTS and Consumer Confidence Data Following Wall Street Pullback
Global markets are focused on upcoming U.S. macroeconomic releases, led by the August JOLTS job openings survey and Conference Board Consumer Confidence Index. Economists project JOLTS openings at 7.230 million, down from 7.271 million, while consumer confidence is forecast to tick up to 90.1 from 89.4. This data follows a retreat across equity benchmarks, with the S&P 500 falling 0.8% and the Nasdaq shedding 0.9%. Stocks were pressured by rising energy prices as Brent crude rose near 2% to $107 per barrel, pushing U.S. Treasury yields up 8 basis points across the curve.