SP 500 futures edge down before U.S. CPI, earnings
China exports jump almost 11, surplus with US widens
Dollar holds firm, sterling hits fresh low
Treasury yields near 14mth top, Fed easing scaled back
Oil jumps to 4mth high as Russia supply crimped

SYDNEY, Jan 13 Reuters Global stocks slid broadly on Monday while the dollar hit more than twoyear peaks in the wake of an unambiguously strong payrolls report that pushed up bond yields and tested lofty equity valuations just as the earnings season gets under way.

European shares were set for a negative open, with EUROSTOXX 50 futures easing 0.3 and FTSE futures down 0.2. DAX futures fell 0.2.

The hawkish jolt from U.S. jobs also raised the stakes in relation to consumer price figures on Wednesday where any rise in the core greater than the forecast 0.2 would threaten to close the door on easing altogether.

Not helping was a spike in oil prices to fourmonth highs amid signs of weaker crude shipments from Russia as Washington stepped up sanctions on the country.

Data also showed China39;s export growth picked up steam in December, while imports recovered, as the world39;s No. 2 economy braces for mounting trade risks with the incoming U.S. administration.

Markets have already scaled back expectations for Federal Reserve rate cuts to just 27 basis points for all of 2025, with the Fed now seen cutting to only around 4.0 compared to the 3.0 many had hoped for this time last year.

After a very strong jobs report, we…