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Stocks soar, yields slide on hints of cooling economy

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WATCH: Global stocks climbed for a second day on Tuesday, after Britain's decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors

, which tracks shares in 45 nations, was last up 3.3%.

There were 1.7 job openings for every unemployed person in August, down from two in July. But layoffs remained low, signs of a still-tight labor market that could keep the Federal Reserve on its aggressive monetary policy tightening path, as Fed officials insist they have more work to do to rein in inflation.Traders work on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., September 13, 2022.

Investors will await Friday's monthly U.S. jobs report as a major piece of data to indicate whether rate hikes have begun to take an economic toll.

 

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Global stock prices driven this week by Fed interest rate expectations NOT Britain's minor tax changes. Reuters stop posting rubbish.

Posting a week old news 3 min ago? These people need to find other jobs for real!!

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