EM gather to confront US, USD weaker ahead of critical jobs data

Chinese equities surged to fresh three-year highs while India’s Nifty 50 rebounded after Xi Jinping and Narendra Modi joined other EM leaders in Shanghai to tighten ties against US trade pressure.
In the US, the Federal Reserve’s (Fed) favourite inflation gauge came exactly in line with expectations — so perfect it sparked doubts over credibility. Now all eyes turn to Friday’s jobs report, the first since leadership changes at the BLS. With consensus calling for just 74K new jobs, the stakes couldn’t be higher.
In Europe, inflation data and French political uncertainties are closely watched. But despite uncertainties, the euro is better bid against a broadly weaker US dollar while European equity markets kick off the week with gains.
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