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Stocks rally for second week in a row

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Stocks end second consecutive week in positive territory despite slowing US growth and a cooler labour market, says Axel Rudolph, Senior Market Analys

“Friday's highly anticipatedshow a surprise rise in US unemployment to 3.8% while wage growth rose less than expected and payrolls rose by more. This suggests that labour market conditions are easing in the US, cementing expectations that the Fed won't hike its

in September. Stock indices rally for the second week in a row, while yields come off their August peaks and the US dollar continues on its upward trajectory."symposium and this week's US growth, inflation, employment data and China's various stimuli out of the way, next week begins on a quieter footing with many markets shut on Labor Day.

 

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