Wall Street week ahead: Fed minutes, unemployment data, consumer sentiment update

• Traders lowered the probability of a Federal Reserve interest rate hike in October following a weak jobs report. • Market data from Kalshi shows a 65% chance of a rate increase, while FedWatch indicates odds above 75% for a hike in December.

• U.S. stocks rose toward all-time highs on Friday following the release of the latest jobs report. • The employment data reduced investor concerns that a rapidly growing economy would drive inflation higher.

• Friedrich Merz is planning to meet with leading candidates for the European Central Bank presidency as the race to succeed Christine Lagarde intensifies. • The meetings indicate that Berlin is no longer considering Bundesbank President Joachim Nagel for the presidency.

• European stocks rebounded on Friday following a previous sell-off driven by bond market volatility. • Oil prices dropped 2 per cent after a sharp rise the previous day.

• Major European stock indices generally rose on October 2, led by gains in Germany and the UK. • The German DAX30 index closed at 25,241.14 points, marking an increase of 301.79 points or 1.21% according to Gate market data.

• A soft September jobs report caused stock markets to rise as investors reacted to slower employment growth. • Average hourly earnings decreased slightly, which Brian Jacobsen of Annex Wealth Management suggests helps relieve short-term inflation concerns.

• Wall Street stocks opened higher on Friday following the release of softer payrolls data and a decline in Treasury yields. • Lower yields and employment figures lifted investor sentiment during the morning trading session.

• Oil prices decreased recently as traders balanced geopolitical tensions between the U.S. and Iran against a recovery in global supply. • Shares of Seagate and Western Digital fell following news that Toshiba is expanding its hard disk drive production.

• Group of Seven countries agreed to release tens of millions of barrels of diesel fuel and crude oil to lower rising gas prices. • This action follows a previous release of 400 million barrels in March intended to stabilize global energy costs.

• European stock markets closed higher on Friday, October 2. • The pan-European STOXX 600 index rose 0.7% to 630.95 points, while Germany's DAX index gained 1.12% to 25,222.06 points.

• US stocks rose on Friday after weak jobs data lowered expectations that the Federal Reserve will raise interest rates at its upcoming policy meeting. • The Dutch eyewear chain Hans Anders suspended sales of Meta's Ray-Ban smart glasses in the Netherlands and Belgium due to privacy concerns.