MARKET WRAPS

Watch For:

EuroCOIN indicator of euro area economic activity; EU PPI; OECD CPI.

Opening Call:

Stocks could open lower. Dollar weakens after disappointing jobs data. Oil falls. Gold and metals edge higher.

Equities:

European stocks are set to open lower Thursday as investors remain cautious head of the U.S. jobs report Friday.

In the U.S., the Nasdaq Composite jumped to a record to start the month, building on its strong gains from August.

Stocks have risen over the summer, buoyed by expectations that the economic recovery would enable corporate profits to keep expanding. Investors are broadly optimistic that shares will continue to eke out gains, and Wednesday’s moves continue a historically calm stretch for the market. The S&P 500 hasn’t suffered a 5% pullback since October and has clinched more than 50 fresh highs in 2021.

“Every time you get even a 1% or 2% pullback, that presents the opportunity…

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