Tokyo — Asian stocks followed Wall Street lower on Friday as signs of a strengthening US recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus.
US stocks got some relief into the close on reports that President Joe Biden is willing to compromise over a proposed corporate tax hike. Fed chair Jerome Powell speaks on central banks and climate change at a conference later in the global day. This month, economists forecast private payrolls likely increased by 600,000 jobs in May, after rising only 218,000 in April.“I am not even going to try to predict this one, it is a lottery, although the so-called ‘whisper number’ is closer to 790,000.”
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