U S Stock Index Futures

The U.S. economy unexpectedly lost jobs in July, deepening questions about the strength of the labor market after sizeable downward revisions to prior months. Crypto markets were muted, while stocks, bonds and precious metals reacted more sharply as traders reassessed the odds of a September Federal Reserve rate hike.

U.S. inflation came in well below expectations in June, easing pressure on the Federal Reserve to move quickly on interest rates. Bitcoin extended gains after the data, while stock futures rose and Treasury yields fell.