Stocks bounce after US jobs data

Markets are bouncing back after US weekly initial jobless claims came in at a 14 month low.

Stocks bounce after US jobs data

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It’s been a volatile week. The 4.2% increase in the US Consumer Price Index sent stocks sharply lower on inflation fears mid-week but there was a bounce yesterday after US weekly initial jobless claims came in at a 14 month low. Fed comments reiterating the view that a rise in inflation would be temporary also helped market sentiment yesterday. There’s more for investors to weigh at the end of this week with the release of US retail sales data later today.

The UK is due to further relax coronavirus restrictions on Monday although there is worry about rising cases of the Indian variant. Boris Johnson said the government is concerned and implied that nothing can be ruled out.

 

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