MARKET WRAP: Rand breaks two-day winning streak on strong US jobs report

The rand broke a two-day winning streak on Friday, after the US July jobs report came in strongerthanexpected, showing a strong labour market that will likely lead to more interest rate hikes from the Federal Reserve.

The US labour market added 528,000 jobs in July, beating a market estimate for a 258,000 increase. Job growth was expected to slow as the Fed continues to hike interest rates to tame surging inflation, but this report shows a labour market still running hot. ..

I really appreciate allison_grillo effort for turning my little investment of R8000 i got a big smile on my face after withdrawing R80,000 as my profit i just want to make everyone know of allison_grillo and how she has helped me through tough times .

Singapore Singapore Latest News, Singapore Singapore Headlines

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

MARKET WRAP: JSE firms as US economic data lifts sentimentInvestors cheer better-than-expected figures from the manufacturing sector
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slightly firmer as investors look to US jobs reportIndustrial metals lead gains as investors await the latest US data for clues on a potential recession
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks in Asia, US futures rise as oil snaps Slide: markets wrapStocks in Asia climbed along with US equity futures on Friday, helped by gains in technology shares and as investors took some comfort from corporate earnings.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Gold Climbs as US-China Geopolitical Risks Keep Market on EdgeGold extended gains as geopolitical tensions between the US and China intensified, boosting haven demand.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tech Fuels Stock Surge as Earnings Buoy Sentiment: Markets WrapUS stocks rose as corporate earnings continued to roll in and economic data came in better than expected. Treasuries declined after hawkish comments from Federal Reserve officials made it apparent that a policy pivot is unlikely.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks rise in Asia as Alibaba leads tech rebound: markets wrapAsian stocks rose on Thursday, as Alibaba led Chinese tech companies higher ahead of its quarterly results. Bets on further Federal Reserve interest-rate hikes supported Treasury yields.
Source: dailymaverick - 🏆 3. / 84 Read more »