Stocks tumbled in Australia and Japan and equity-index futures for the S&P 500 fell more than 1.8%. The dollar edged lower against major peers and oil extended its selloff. The offshore yuan rebounded after sinking to the lowest since it began trading in 2010. Yields on 10-year Treasuries extended this week’s strong gains.
Global Market: US weekly jobless claims drop more than expected
US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a rise in continuing claims suggests employers