An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
A mixed picture is forming, after job openings figures suggest hiring is slowing, while measures of private-sector employment and service-sector activity pointed to a stronger September than many had expected. “The Fed officials have been giving out a clear message lately on the goal of getting inflation under control, without being concerned about the domestic economy or the turmoil in the global financial markets,” Saxo Bank strategist Charu Chanana said.
Overnight, San Francisco Federal Reserve President Mary Daly underscored the US central bank’s commitment to curbing inflation with more interest rate hikes, though she also said the Fed will not simply barrel ahead if the economy starts to crack. US non-farm payrolls data is due on Friday and analysts polled by Reuters expect 250,000 jobs were added last month. That would mark the smallest increase so far in 2022. The unemployment rate is expected to come in at 3.7%.
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