Stocks gain, U.S. debts under pressure after bumper jobs data

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Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated.

FILE PHOTO: A"Now Hiring" sign advertising jobs at a hand car wash is seen along a street, as the spread of the coronavirus disease continues, in Miami, Florida, U.S. May 8, 2020. REUTERS/Marco Bello

MSCI’s all-country world index was almost flat but stood near its highest level since late February and within sight of a record high set that month. “There will be further improvements in April, as restaurants have started to reopen. People have expected economic normalisation to take place sooner or later but its pace seems to be accelerating,” said Koichi Fujishiro, senior economist at Dai-ichi Life Research.

Markets have strong doubts, with Fed funds futures fully priced in one rate hike by the end of next year.

 

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Gone full circle. Some of my ancestors in Germany in 1748 where Tagesloehner, Workers that got hired daily but they owned theyr houses, today they can't afford houses but body hire is alive and kicking. This place is full of numtys or why would we have a reactionary government

I bet these are really shit jobs with very low pay and no future or career prospects. Also bet they are cash in hand only .

Work today, get paid today! These are beautiful words.

good luck

Get your employees from the Border!

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