London — European shares were mostly higher on Friday as investors await a key jobs report that will help gauge the strength of the US economy and provide hints on the pace of the Federal Reserve’s policy tightening in the second half of the year.
Investors are looking ahead to the US Labor Department’s comprehensive employment report, due at 12.30pm GMT, for any hints of a slowdown in the jobs market, which might give the Fed an option to slow or even pause interest rate hikes in the second half of the year. A Reuters poll of analysts expects 325,000 nonfarm payrolls were added in May, with average earnings slowing to 5.2% on a yearly basis, from 5.5% in April.
“The eurozone inflation number was one confirmation that even the ECB is now forced, even though they are facing a probable recession, to hike rates, perhaps faster or more aggressively than previously expected,” said Jeroen Blokland, head of research at investment research platform True Insights. Markets have also locked in consecutive 50 basis point Fed hikes in June and July, but there remains uncertainty about what happens after that.
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks slip amid worry about soaring inflationInvestors are concerned about looming interest rate rises will affect global growth
Source: BDliveSA - 🏆 12. / 63 Read more »