What could have been a really positive week for equity markets is off to a much more nervy start, with stocks in Europe treading water and US futures slightly lower.
The US jobs report on Friday was red hot once more, extinguishing any hope that investors could hop aboard the Fed pivot train and ride stock markets higher into year-end. Perhaps it's not quite so dramatic but it was a real setback, something we should be used to by now.
The wages component was the killer blow.
05-12-2022 09:02 GMT
by Craig Erlam
