Global stocks tepid ahead of US jobs data

The dollar also touched a one-month high against major currencies as investors braced for the crucial US non-farm payrolls report later in the day.

Investors have started “to price in a more aggressive path of rate hikes from the Fed”, Deutsche Bank strategist Jim Reid said. Traders will also zero in on any gains in hourly wages, Reid cautioned, “given the Fed’s focus on wage inflation” while there was “little doubting the still strong labour market.”

“There is concern that the labour market isn’t showing any signs of cooling,” putting financial markets “very much on edge”, said Tony Sycamore, a market analyst at IG.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid measures: Calls to impose travel restrictions on Chinese travellers ‘extremely disappointing’, says global airline industryThe International Air Transport Association has labelled calls for imposing Covid testing and other restrictions on travellers from China as ‘extremely disappointing’ and a knee-jerk reinstatement of measures that have proven ineffective over the past three years. Iata values profits above human lives i will always be thankful to God for giving me a reliable source no more lost,. through Brandonkaren11 Bitcoin mining investment platform
Source: dailymaverick - 🏆 3. / 84 Read more »