growth, indicating persistent hiring obstacles despite improvements in the economy.
“After losing 19.6 million jobs in March and April last year, we’ve since added back 13.1 million,” Peter Boockvar, chief investment officer for Bleakley Advisory Group, wrote in a note ahead of Friday’s U.S. jobs report. “I really don’t like to use the word ‘stagflation’ but we have a form of it now, unfortunately, which will make the job of the Federal Reserve even that much more difficult.”
With stocks in Europe and the U.S. at or around record highs, equities have weathered concerns about the spread of delta virus variant as expectations for continued stimulus and solid earnings have propelled shares higher. However, risks still remain.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 tech stocks recover some lossesMarkets now await US nonfarm payroll data on Friday, with consensus for the country to have added 880,000 jobs in July
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: China tech blows take shine off otherwise bright JSEBanks fared best on the day, with Capitec leading gains in the sector
Source: BDliveSA - 🏆 12. / 63 Read more »