World shares were range bound on Monday as markets digested Friday’s disappointing US jobs report and a global tax deal between the G7 group of countries, while also looking ahead to inflation data due this week. So far, the reaction was muted with Nasdaq futures down 0.4 per cent and S&P 500 futures down 0.2 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.05 per cent and risked a fourth session of losses. While the 559,000 rise in May US jobs missed forecasts it was still a relief after April’s shockingly weak report. Brent slipped 0.4 per cent to $71.61 a barrel, while US crude eased 0.4 per cent to $69.31.

Source: The Irish Times June 07, 2021 08:26 UTC