US Jobs Pickup May Keep Fed on Track to Hike Rates Again

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• Russia stocks lower at close of trade; MOEX Russia Index unchanged

  Market participants observed a downward drift across domestic equities as the trading session concluded. Broader regional pressures kept overall investor sentiment subdued, although key benchmark tracking managed to hold its prior ground. This mixed finish highlights ongoing hesitation among traders navigating the current local economic environment.

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• Australian lender Westpac’s full-year profit ticks higher

  Australian lender Westpac has recorded a slight increase in its full-year profit. Additional details regarding the bank's financial results were not disclosed.

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• Wall Street Braces for Biggest Treasury Sales Overhaul in Years

  Treasury Secretary Scott Bessent's efforts to curb high borrowing costs are driving officials to reconsider their long-standing debt strategy as 30-year bond yields top 5.30%. The upcoming quarterly refunding announcement could abandon multi-year pledges of stable note and bond auction sizes to clear a path for reducing long-term debt issuance. Such a maneuver risks leaving the government heavily vulnerable to interest rate swings by forcing greater reliance on short-term paper to fund roughly $2 trillion annual d…

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