Bond yields rose and stock futures wavered ahead of fresh data on inflation and the labor market
after Jefferies posted revenue and earnings that missed analysts’ estimates Wednesday, said Jeffrey Meyers, a consultant at Market Securities. The stock fell 9.3% and continued to decline Thursday in off-hours trading, retreating another 0.9%.BRENDAN MCDERMID/REUTERS
Overseas, the pan-continental Stoxx Europe 600 slipped 0.2%. British home builder Countryside Properties tumbled 17% after it reported a drop in profit and said its chief executive would step down immediately. The Turkish lira weakened 2.3% against the dollar, trading at 13.5 lira to $1. Due to its recent volatility, Turks have increasingly sought to hold theirIn Asia, most major benchmarks fell. The Shanghai Composite Index lost 1.2% on concerns about China’s latest Covid-19 outbreak after the port city of Tianjin reported higher infections. Hong Kong’s Hang Seng Index fell 0.3% and Japan’s Nikkei 225 retreated 1%.a cruise-ship operator, plunged 58%.
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